UPDATED: FG imposes levy on transactions above N10,000 on Opay, Moniepoint, others

Dailytrust | 08-09-2024 07:06am |

The federal government has imposed a deduction of N50 Electronic Money Transfer Levy (EMTL) from every inflow of N10,000 and above received by customers of Fintech companies, including Opay, Moniepoint, and others. In a notice to its customers on Saturday, the online payment platform stated that the charges in line with the Federal Inland Revenue [...]

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