Connect with us


Top Stories

Breaking: FIRS Directive: Fintechs To start Deducting N50 Electronic Money Transfer Levy From September 9

Published

on

Fintech companies including OPay, Moniepoint, and others have started notifying their customers of plans to begin deduction of N50 Electronic Money Transfer Levy (EMTL) from every inflow of N10,000 and above received by their customers starting from September 9

According to the fintech companies, this deduction is in accordance with the Federal Inland Revenue Service (FIRS) directive.

Advertisement

This mandatory deduction brings to an era of free banking services that some of the fintechs provide, even though the charges go to the federal government.

Details shortly…

Advertisement
READ ALSO:   Tinubu: Impeach Osinbajo Alongside Buhari - Ohanaeze Ndigbo
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.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

Also Read...