Opay To Start Charging Customers For Electronic Transfers Above ₦10,000 (See Why)

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Naijanews Sept. 7, 2024 4:37 p.m.

Opay To Start Charging Customers For Electronic Transfers Above ₦10,000 (See Why)

Opay, in a message sent to its customers on Saturday, said the charges are in compliance with the Federal Inland Revenue Service (FIRS) regulations, adding that the company itself does not benefit in any way from the charges as it is directed entirely to the federal government.

The message reads:“Dear valued customer, please be informed that starting September 9th 2024, a one-time fee of N50 will be applied to electronic transfers of N10,000 and above paid into your personal or business account in compliance with the Federal Inland Revenue Service (FIRS) regulations.

To comply with the directive, Dauda stated that OPay conducts daily scans of its platform to identify any unauthorized cryptocurrency or virtual currency trading..

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