News
OPay Announces N50 Fee for Transactions Exceeding N10,000
OPay has introduced a new transfer fee for transactions exceeding N10,000, effective September 9, 2024.
In line with Federal Inland Revenue Service regulations, a one-time fee of N50 will be applied to these transactions.
In a recent notice, OPay informed its customers: “Dear valued customers, please be advised that from September 9, 2024, a one-time fee of N50 will be charged on electronic transfers of N10,000 and above to personal or business accounts. This change is in compliance with Federal Inland Revenue Service regulations.”
OPay emphasized that this fee is mandated by government regulations and is not intended to generate revenue for the company.
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