OPay, a mobile banking operator, could account for N91,250,000,000 of the total revenue the federal government hopes to realise by imposing a one-time N50 electronic mobile transaction levy on N10,000 and above paid into an account daily.
Beginning on Monday, all mobile money banks in Nigeria will start charging a one-off N50 levy on every N10,000 and above. This in compliance with the Electronic Money Transfer Levy Regulations enacted in 2022.
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