Monthly value of USSD transfer payments in Nigeria 2020
In December 2020, the value of USSD transfer payments in Nigeria amounted to over 550 billion Naira. Between January and December 2020, the value of USSD transfers increased, going from roughly 30 billion Naira to 551 billion Naira. USSD stands for unstructured supplementary service data. This payment method allows users to transfer money to third parties by using USSD codes. This service is similar to online banking but it does not need internet access.