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Sparkle Nigeria Introduces SMS Alert Fees

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By Modupe Gbadeyanka

Customers of Sparkle Nigeria, a financial technology (fintech) company owned by Mr Uzoma Dozie, the former Managing Director of the defunct Diamond Bank Plc, will start to pay for receiving notifications of their transactions on the platform.

A notice to customers disclosed that the payment for the alerts would commence from May 1, 2021, and it would be the standard N4 per SMS charged by GSM network providers in the country.

However, users of the platform were given the option to choose how they intend to be notified of every transaction carried out by them.

“We wanted to share this important update on changes to our transaction fees.

“Sparkle launched with the aim of leveraging technology and data to remove barriers and create simplicity.

“We extended this to how we keep you updated on the different activities that happen within your account.

Over the past year, SMS notifications have remained free, however, from May 1, 2021, Sparkle will begin charging for these alerts,” the notice seen by Business Post disclosed.

What this means

According to the company, this development means on the first day of each month, SMS charges from the previous month will be debited from the accounts of customers.

This charge is a flat fee of N4 per SMS received each month and users will not be charged for all other forms of account notifications like push notifications and email.

“But we have some sparkling news! We are giving you the freedom and flexibility to choose how you get notified.

“Simply go to more>> notifications >> select your notifications preference and you can choose to toggle off SMS notifications,” the disclosure explained.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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