Opay, Moniepoint, Other Fintechs End Free Banking as N50 EMTL Deduction On N10,000 Transfers Begins

According to the fintech companies, this deduction followed a directive by the Federal Inland Revenue Service (FIRS).

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

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