CITIZENS COMPASS–Effective Monday, September 9, 2024, a mobile-based money platform, OPay, will commence a one-time fee of N50 on its customers.
Opay said the N50 fee will be applied to transfers of N10,000 and above.
The fee is in compliance with the Federal Government order through the Federal Inland Revenue Service (FIRS).
The Fintech company announced this on its various platforms on Saturday.
According to OPay, the new fee is on electronic transfers into personal and business accounts in compliance with FIRS.
In a notice to its customers, the company stated, “Dear valued customers, please be informed that starting from 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.
“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.”
The introduction of the new fee follows the Federal government’s mobile-based generating revenue from electronic transactions through FIRS regulations.
