Full Meaning of USSD and the Benefits

The full meaning of USSD is Unstructured Supplemental Service Data (thats what USSD stands for). USSD can also be called “quick code.”

The USSD is currently the best available communications technology to deliver mobile financial services to low-income customers.

USSD (Unstructured Supplementary Service Data) is a Global System for Mobile Communications (GSM) protocol that is used to send text messages. USSD is similar to Short Message Service (SMS).

USSD uses codes made up of the characters that are available on a mobile phone. A USSD message, which can be used to establishes a real-time communication session between the phone and another device typically, a network or server.

As the name suggests, they are codes that let you use your mobile phone network provider’s options. USSD can be used for a lot of different things, like a callback service, mobile money, content, information, or to configure a network. In this case, we’ll talk about how USSD is used in banking.

The term “USSD Banking” refers to a sort of banking that enables you to carry out financial transactions from the convenience of your mobile phone by utilizing “short codes” or “quick codes.” A cellphone network is all that is required; an internet connection is not essential in any way.

Through USSD banking, you were able to carry out virtually any type of financial activity, from transferring funds to purchasing airtime. The most crucial thing to note is that you can apply for loans by using USSD numbers.

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10 Significant Benefits of USSD

 Here are the 10 significant benefits of USSD:

  1. USSD does not require internet connection or data to work. It allows free of charge roaming.

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