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

Popular fintech company, Opay, has notified its customers and users that it would start charging a one-time fee of ₦50 on electronic transfers above ₦10,000 paid into their personal or business accounts.

According to the company, the charges would become effective as from Monday, September 9, 2024.

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.

Details later…