In a move to boost financial inclusion, telecom regulator Trai has scrapped the charges levied on USSD messages, which are mostly availed by feature phone users, for transactions related to mobile banking and payment services. USSD is a mobile short code that enables financial and banking transactions even on feature phones. With immediate effect, the regulator on Thursday decided to scrap charges levied on USSD (Unstructured Supplementary Services Data) updates. USSD sends out text messages without requiring internet connection on a mobile phone. These text messages are different from SMSes and telecom companies frequently use the USSD technology to alert users about their balance after a c
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