In June 2020, the value of USSD transfer payments in Nigeria amounted to over 390 billion Naira (roughly one billion U.S. dollars). Between January and June 2020, the value of USSD transfers increased, going from roughly 30 billion Naira to 390,5 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.
Value of unstructured supplementary service data (USSD) transfers in Nigeria from January to June 2020 (in million Nigerian Naira)
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NBS (Nigeria). (September 25, 2020). Value of unstructured supplementary service data (USSD) transfers in Nigeria from January to June 2020 (in million Nigerian Naira) [Graph]. In Statista. Retrieved March 01, 2021, from https://www.statista.com/statistics/1175329/monthly-value-of-ussd-transfer-payments-in-nigeria/
NBS (Nigeria). "Value of unstructured supplementary service data (USSD) transfers in Nigeria from January to June 2020 (in million Nigerian Naira)." Chart. September 25, 2020. Statista. Accessed March 01, 2021. https://www.statista.com/statistics/1175329/monthly-value-of-ussd-transfer-payments-in-nigeria/
NBS (Nigeria). (2020). Value of unstructured supplementary service data (USSD) transfers in Nigeria from January to June 2020 (in million Nigerian Naira). Statista. Statista Inc.. Accessed: March 01, 2021. https://www.statista.com/statistics/1175329/monthly-value-of-ussd-transfer-payments-in-nigeria/
NBS (Nigeria). "Value of Unstructured Supplementary Service Data (Ussd) Transfers in Nigeria from January to June 2020 (in Million Nigerian Naira)." Statista, Statista Inc., 25 Sep 2020, https://www.statista.com/statistics/1175329/monthly-value-of-ussd-transfer-payments-in-nigeria/
NBS (Nigeria), Value of unstructured supplementary service data (USSD) transfers in Nigeria from January to June 2020 (in million Nigerian Naira) Statista, https://www.statista.com/statistics/1175329/monthly-value-of-ussd-transfer-payments-in-nigeria/ (last visited March 01, 2021)