OPay to begin charging N50 on electronic transfers above N10,000 from September 9

OPay has announced a new charge on electronic transfers into personal and business accounts in compliance with Federal Inland Revenue Service regulations.

Starting September 9, 2024, a one-time fee of N50 will be applied to transfers of N10,000 and above.

In a notice to its customers on Saturday, OPay stated, “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.”