Nigeria Mobile Money Charges
OPay, PalmPay, SmartCash, Moniepoint, MTN - including all government levies. Updated July 2026.
How much does it cost to send money via mobile money in Nigeria?
In Nigeria, mobile money fees vary by operator (OPay, PalmPay, SmartCash) and amount band. Use the calculator below for the exact cost in NGN, including government levies. Typical fees range from flat unit amounts to a percentage of the transfer; withdrawals usually add a separate charge.
Compare OPay, PalmPay, SmartCash fees in Nigeria
| Provider | Send | Withdraw | Levy | Total |
|---|---|---|---|---|
OPYOPayCheapest | Free | ₦50.00 | ₦50.00 | ₦50.00 |
PLMPalmPayCheapest | Free | ₦50.00 | ₦50.00 | ₦50.00 |
SMCSmartCashCheapest | Free | Free | ₦50.00 | ₦50.00 |
MNPMoniepoint | ₦20.00 | ₦50.00 | ₦50.00 | ₦70.00 |
MTNMTN | ₦25.00 | ₦50.00 | ₦50.00 | ₦75.00 |
Which mobile money providers work in Nigeria?
OPay
Nigeria · NGN
Send money fees
| Free tier | Free |
| Free tier | Free |
Withdrawal fees
| ₦1-₦19,999.99 | 0.5% |
| ₦20,000+ | ₦100 |
PalmPay
Nigeria · NGN
Send money fees
| Free tier | Free |
| Free tier | Free |
Withdrawal fees
| ₦1-₦19,999.99 | 0.5% |
| ₦20,000+ | ₦100 |
Moniepoint
Nigeria · NGN
Send money fees
| ₦0-₦9,999.99 | ₦20 |
| ₦10,000+ | ₦20 |
Withdrawal fees
| ₦1-₦19,999.99 | 0.5% |
| ₦20,000+ | ₦100 |
MTN MoMo PSB
Nigeria · NGN
Send money fees
| ₦0-₦4,999.99 | ₦10 |
| ₦5,000-₦49,999.99 | ₦25 |
| ₦50,000+ | ₦50 |
Withdrawal fees
| ₦1-₦19,999.99 | 0.5% |
| ₦20,000+ | ₦100 |
NGN exchange rates
Livevs NGN (Nigerian Naira)
Government Levies & Taxes
Stamp Duty (EMTL)
Levy activeA flat ₦50 charge on all electronic transfers of ₦10,000 and above. Officially recategorised as Stamp Duty under the Nigeria Tax Act 2025 (effective January 2026), the levy is paid by the sender. Applies to banks, OPay, PalmPay, Moniepoint and all fintechs. Exempt: transfers below ₦10,000, salary payments, intra-bank self-transfers.
Effective since 2026-01-01
Fee data last verified July 2026. Always confirm with your provider before large transactions.
Dollar to naira today: official vs parallel rate
Interbank official rate; the parallel rate applies the tracked P2P premium. Interbank rate updated 19 Jul 15:00 UTC (less than 1h ago). Premium source: Bybit P2P USDT/NGN median (top trimmed-50%).
The naira has floated since mid-2023 and a gap persists between the CBN's official rate and the parallel-market ("aboki") rate. For a diaspora send, it's this gap, plus fees, that decides what your family actually receives.
Nigeria USSD transfer codes
No app? Transfer by USSD code from any phone. The most-used codes:
OPay and Moniepoint: follow the menu prompt (amount, account, PIN). Codes verified June 2026 — confirm the full string.
All 22 bank + fintech USSD codes →Receiving money from abroad in Nigeria
The Nigerian diaspora sends to a bank account, a fintech wallet (OPay, PalmPay, Moniepoint) or a domiciliary (foreign-currency) account to receive dollars. Receiving a bank deposit of ₦10,000 or more carries the ₦50 EMTL stamp duty. Compare the final amount received — the FX margin matters more than the headline fee.
MoMo PSB: receive from abroad (Thunes) →Nigeria POS / agent withdrawal charges
Cashing out at a POS agent (OPay, Moniepoint, PalmPay, Baxi) has a tiered cost — often ~0.5% up to ₦20,000, then a flat fee. Our POS calculator ranks the networks cheapest-first for your amount.
POS charges calculator →Other searched services — Kuda, Paga, Paystack (payment gateway), Flutterwave: grids not published here, verify on the operator's site.
Nigeria bank charges (ATM, transfer, card)
Nigerian bank charges are CBN-standardised. The '2026 charges' circulating come from an April 2026 DRAFT that isn't law yet — we separate what you actually pay from the draft, with a per-bank comparison (Access, GTBank, Zenith, UBA, First Bank, Stanbic…).
Bank charges: in force vs draft →Sending money to Nigeria?
Compare the services that deliver to Nigeria - neutral verdict, no-affiliate, with the real recipient-side costs.