MONIEPOINT MICROFINANCE BANK INTRODUCES NEW USSD SERVICE

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Moniepoint Microfinance Bank, renowned as Nigeria’s leading bank for small and medium-sized businesses, has unveiled a new Unstructured Supplementary Service Data (USSD) service. This service, accessible via the account control code *5573#, provides a fast, secure, and user-friendly platform for consumers to conduct banking activities conveniently from any mobile device, without requiring an internet connection.

The introduction of this USSD service is said to underscore the bank’s commitment to financial inclusion, and enhancing safety and security within the digital payment ecosystem.

The USSD Banking suite offers various services like Funds Transfer, Airtime and Data Purchase, Account Balance and Details Inquiry, PIN Management, and Account Security Measures such as Blocking/Unblocking access. This initiative is projected to serve as a security measure against unauthorised access, safeguarding customer funds in cases of mobile phone loss or theft, ATM Card compromise, or suspected fraud situations.

Babatunde Olofin, Managing Director of Moniepoint Microfinance Bank, emphasised the bank’s dedication to delivering exceptional customer service through digital innovation, and maintaining the highest security standards.

He highlighted the convenience of mobile banking coupled with enhanced security features, empowering customers to protect their accounts independently, even from third-party mobile devices.

Existing customers, including both business and personal account holders, can activate this feature by navigating to USSD Banking settings on their mobile banking app, while new users will have the feature activated by default upon sign-up.

Moniepoint Microfinance Bank has built a solid reputation for reliability, innovation, and a deep commitment to delivering value-added solutions in the Nigerian market, serving over 3 million people and businesses with banking and payment processing services.

 

 

 

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