AJOKE PHILIP
A fintech mobile money operating company, Opay, has slammed N50 Levy on every customer’s transfer exceeding N10,000 to personal and business accounts.
The Levy, the company, has blamed on federal government, saying the charges are requirements from the President Bola Tinubu-led government and not a source of revenue for the payment platform.
In a notice to its customers over the weekend, the online payment platform stated that the charges was line with the Federal Inland Revenue Service (FIRS) regulations, will take effect from September 9, 2024.
“Dear valued customers, please be informed that starting September 9, 2024, a one-time fee of N50 will be applied for electronic transfer of N10,000 and above paid into your personal or business account in compliance with the Federal Inland Revenue Service regulations,” the notice read.
“It is important to note that OPay does not benefit from these charges in any way as it is directed entirely to the Federal Government,” it added