Nigeria, June 4 -- There is a fiery war in Nigeria's mobile banking. Telecommunication service providers and commercial banks are locked in a struggle to determine who is the boss when it comes to how clients pay for Unstructured Supplementary Service Data (USSD) sessions.

The war escalated with recent developments. Some banks are reminding their customers that, effective June 3, the fees on USSD transactions will be deducted from customers' airtime directly and not from bank accounts.

The banks stated that this shift is according to a proposal provided by the Nigerian Communications Commission (NCC), but telecommunication operators have rejected the offer because there is no consensus on the transition. The operators believe that some ...