Regulatory Framework for Unstructured Supplementary Service Data (USSD)


The Central Bank of Nigeria (CBN) has released a draft regulation on USSD secuirty

The draft aims to set an appropriate standard for USSD-based financial services. In order to promote financial integrity, CBN calls for stronger authentication mechanism for service providers and customers with better encryption.

Relevant financial institutions will be required to provide dispute resolution guide lines. 

CBN specifies the relevant institutions as banks, payment service providers, mobile money operators, mobile network operators, and customers. 

Document Details

Document Type: 
Document Topic: 
Doument Author (Entity): 
Authoring Country: 
Originating Country or Trade Block: 
Issue Status: 
Year of Document: 
Date of Document: 
Thursday, September 7, 2017
Language (This Document): 

Legal Disclaimer: The content appearing on this site is for general information purposes only and made available on an "AS-IS" basis. The law is subject to change and no representation or warranty is made with regard to accuracy or fitness for a particular purpose.