Fintech Companies Begin Deducting N50 EMT Levy on Transactions Over N10,000 Sept. 9

Nigeria’s fintech sector is bracing for the Electronic Money Transfer Levy (EMTL), a move that has drawn widespread attention for its timing and broader implications. Fintech companies, including OPay, Moniepoint, and others, have notified their customers of the N50 EMTL deduction on inflows of N10,000 and above starting from September 9, as directed by the [...]The post Fintech Companies Begin Deducting N50 EMT Levy on Transactions Over N10,000 Sept. 9 appeared first on Tekedia.

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