What is the meaning of USSD in banking?
Unstructured supplementary service dataUnstructured supplementary service data (USSD), a communications service controlled by mobile network operators, is a critical piece of infrastructure used to provide mobile financial services on most phones, at low cost, and without requiring access to the user’s SIM card..
What is the difference between USSD and SMS?
What is the difference between USSD and SMS? While SMS is a store and forward technology, USSD texts and interactions are not stored on the mobile phone. SMS content remains stored in the mobile phone memory.
Can Ussd be hacked?
Therefore, it is possible that the risk exposure of USSD transactions increases because each financial service provider uses its own technology, meaning there is no universal standard for all channels. More importantly, messages over USSD channels are not encrypted, leaving them vulnerable to being hacked.
How do I find my USSD code?
Part 1 of 2: This app can be found on your home screen, on the “All Apps” screen, or, on simpler cell phones, on the lock screen. Dial the USSD code. Some start with *, others #, and others *#. Dial #.
How do I check my own number?
In such cases, you can find out your own phone number in different ways. You can call your friend’s number and note down your own number displayed on your friend’s phone screen. You can also use your phone’s settings to find out your phone number.
How do I use USSD?
Transferring Money Using USSD Short Codes In order to transfer the money, dial *99#, type bank name, and when the interface opens, enter ‘3’ and tap send. Now, enter the beneficiary’s mobile number and the beneficiary MMID, which you will have to get from the person.
What is USSD transfer?
The unstructured supplementary service data (USSD) – is currently the best available technology to deliver mobile financial services to both low and high-income customers. … Access Bank’s USSD code for mobile money transfer is *901#, Simply dial and follow the instructions thereafter.
What is USSD payment?
USSD payment is a fast and simple solution for the payment of bills in-country or to a service provider elsewhere in the world. Pay using any kind of mobile phone, by simply dialling a USSD code and selecting the number which corresponds to “pay bills”. … Payments can be made any time of the day or night.
What is *# 61 used for?
*(17)* *#43# Allows you to check the “Call Waiting” status of your phone. *(18)* *#61# Allows you to check the number that “On No Reply” calls are diverted to. *(19)* *#62# Allows you to check the number that “Divert If Unreachable (no service)” calls are diverted to.