in

OPay Introduces New Fee Structure for Electronic Transfers

OPay Introduces New Fee Structure for Electronic Transfers | Daily Report Nigeria

OPay, a leading digital payment platform, has announced a new fee structure for electronic transfers to personal and business accounts, effective September 9, 2024.

Reports indicated that the move is in compliance with regulations set by the Federal Inland Revenue Service (FIRS).

According to a notice sent to customers on Saturday, a one-time charge of N50 will be applied to transfers of N10,000 or more. This fee is mandated by the government and is not a revenue source for OPay, the company clarified.

READ ALSO: CBN Bans Moniepoint, Opay, Kuda, Others from Accepting New Customers

The notice read: “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.”

ATTENTION: Click HERE to join our WhatsApp group and receive News updates directly on your WhatsApp!

OPay reiterated that the charges are directed entirely to the Federal Government and that the company does not benefit from them in any way.

It stated that the fee is part of the Federal government’s efforts to generate revenue from electronic transactions, in line with FIRS regulations.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

NLC, TUC

NLC Reveals Tinubu’s Shocking Claim on Fuel Price Hike

Pastor, Wife Welcome 6 Babies After 26 Years of Childlessness | Daily Report Nigeria

Pastor, Wife Welcome 6 Babies After 26 Years of Childlessness