Why Opay, Others To Deduct N50 Transfer Levy On Transactions Above N10,000

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why opay others to deduct n50 transfer levy on transactions above n10000
Fintech companies were directed by the Federal Government to charge N50 Electronic Money Transfer Levy (EMTL) on transactions exceeding N10,000 effective from Monday, September 9, 2024, The platforms which include Opay, Moniepoint and others were embraced by Nigerians over commercial banks for the ease of transactions and free services, accompanied with incentives for private users