Poor network reception is contributory to failed transactions. - page 2.

Merit.s

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Quote from: Cryptomultiplier on March 08, 2023, 03:30:43 PM

*Could there be any other better explanation to why even online transactions and the recent online apps for swift money transfer and other transactions, OPAY, PALMPAY are experiencing same network issue, although it is not as severe as that affecting bank apps and their USSD codes?

*What other apps can enable swift transactions without network delay or scammers/hackers issues?

Poor network and poor banking system is the cause,Emefiele needs Nigeria to go into cashless policy without making sure that the banks upgrade their banking system to meet up with the system, neither did he tell the banks to upgrade their network so that transactions will be easy and faster because there must be congestion in the banking network. We should all relax and hope that all this delay in transactions or poor network is sorted out soon,if not we will be left with no choice than to adapt. Fela say una suffering and smiling. I dey suggest say right now we need to dey reason 5G network.

Obari

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Well, that's not a new issue with Nigerian banks;

This very period I think the issues are new because if you could agree with me, you'll understand that the network has been so down beyond normal even with virtual banks which wasn't so in the previous times.

Just as @chilwell said, it has become a prayer point when making transactions and this things aren't supposed to be so and I think the government rather than making things hard for us, should help lias with Musk to help provide more stable network.

Chilwell

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It has even turned to serious prayer now any time you want to make any transactions been transfer or withdraw. It is no easy in this country we were told there is no white collar job it took us time to adapt with the conditions, now that we have all moved on to survive on our own personal hustling, they still don't want that, that is when the redesign of new naira note comes in, the banks then started having issues saying it is network problem.
Then we decided to live their banks for them to join wallet account like Opay, PalmPay and many more, now they have started disturbing our wallet account again. The issues have never experienced in my Opay wallet account is what am facing now. I perform one transaction three days ago I was debited and the receiver place it was still showing pending and it even Opay to Opay.
Now you will make a transaction it will be successful but you will not see the transaction in the transaction history. Truly this is getting out of hand.

Alphakilo

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The new Naira policy we are facing is the major cause of all banks app failed transaction because the network is congested, a lot of people try to make a transfer at the same time and the banks don't have strong network system that can serve everybody at the same time. USSD is the worst of it. I have multiples of failed transactions that has not been refunded till date. It makes life so difficult because when you want to buy anything you will have to make a transfer. Presently, i think Opay is one of the best financial institution that the network is a bit better than other banks app. I have been using Opay for long now and i have not experienced a failed transactions.

CryptSafe

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Poor internet service in Nigeria is not a new thing though but ever since the naira swap saga, it became obvious that the Nigerian banks could not really maintain internet banking service as there was lots of network failure which resulted to failed transactions, delay in crediting and other banking palava which the citizens need to hurdle through. As a result of the new digital transfer policy, people opted for internet banking service which became overcrowded and caused delay as most banking servers could not be able to contain the traffic hence the errors in transactions, failures and lots more. Banking apps experience is terrible not to talk of the USSD codes. Just yesterday i had to make payment for goods purchased upon payment, i used the banking app and just a click for transaction confirmation, i was debited twice and the receiving bank did not credit the seller till it was evening. I was fast enough to inform the seller so he could be aware before i left and when he received it, he had to return the excess. This should be a good avenue for massive awareness and adoption of bitcoin.

Wiwo

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Due to the poor banking system and the problems experienced by Nigerians from commercial banks, with long queues of unconfirmed transactions to unavailability of the banking services from commercial banks in recent times, millions of Nigerians have now migrated to only digital wallets and other digital microfinance banks such as Opay, Kuda, palm pay and the rest of what have you.

-This increase in demands from Nigerians for the digital wallet which has become the best alternative to a commercial bank, has forced many of them to experience overcrowded network congestion since everyone now relies on their networks to carry out transactions without facing any issues.

-This overwhelming turnout of events due to the new monetary policy has made those digital wallet networks to become slower and highly congested, so aside from bad internet networks this also contributes largely to what causes the bad and slow transaction process experienced lately by those banks.

Cryptomultiplier

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I don't know if am the only one who has had problems recently when trying to complete transactions using mobile apps or USSD codes.
Things weren't like this till the new monetary policies and the just concluded presidential elections came. Am not attributing the poor network reception as the main factor for failed transactions, but it is contributory to why there is consistent failed transactions.

*Could there be any other better explanation to why even online transactions and the recent online apps for swift money transfer and other transactions, OPAY, PALMPAY are experiencing same network issue, although it is not as severe as that affecting bank apps and their USSD codes?

*What other apps can enable swift transactions without network delay or scammers/hackers issues?

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