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Mobile Money Fees in Nigeria
OPay, PalmPay, Moniepoint, MTN — including all government levies. Updated April 2026.
4 providersNGNLevy active
₦NGN
Compare Providers
| Provider | Send | Withdraw | Levy | Total |
|---|---|---|---|---|
OPYOPayCheapest | ₦10.00 | ₦50.00 | ₦50.00 | ₦60.00 |
PLMPalmPayCheapest | ₦10.00 | ₦50.00 | ₦50.00 | ₦60.00 |
MNPMoniepoint | ₦20.00 | ₦50.00 | ₦50.00 | ₦70.00 |
MTNMTN | ₦25.00 | ₦50.00 | ₦50.00 | ₦75.00 |
Fees shown for ₦10,000 NGN. Use the calculator above for your exact amount.
Provider Details
OPY
OPay
Nigeria · NGN
Send money fees
| ₦0-₦9,999.99 | ₦10 |
| ₦10,000+ | ₦10 |
Withdrawal fees
| ₦1-₦19,999.99 | 0.5% |
| ₦20,000+ | ₦100 |
PLM
PalmPay
Nigeria · NGN
Send money fees
| ₦0-₦9,999.99 | ₦10 |
| ₦10,000+ | ₦10 |
Withdrawal fees
| ₦1-₦19,999.99 | 0.5% |
| ₦20,000+ | ₦100 |
MNP
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
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 |
Exchange Rates
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Government Levies & Taxes
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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.
Rate
50 flat
Applies to
Send only
Paid by
Sender
Effective since 2026-01-01
Fee data last verified April 2026. Always confirm with your provider before large transactions.
Frequently Asked Questions
Why am I being charged ₦50 on my transfer?
That's the Stamp Duty (EMTL) — a flat ₦50 charge on all electronic transfers of ₦10,000 and above. Since January 2026, it is deducted from the SENDER, not the receiver.
Is OPay cheaper than banks in Nigeria?
OPay, PalmPay, and Moniepoint generally offer lower fees than traditional banks. Use our calculator to compare exact amounts.
What are the mobile money providers in Nigeria?
The main mobile money providers in Nigeria are OPay, PalmPay, Moniepoint, MTN MoMo PSB. Use our calculator above to compare fees across all providers.
Which is the cheapest mobile money provider in Nigeria?
The cheapest provider depends on the amount. Use our fee calculator to compare all providers side by side for your specific amount.
How do I avoid paying high mobile money fees in Nigeria?
Tips: 1) Compare providers using MomoCalc before sending. 2) Use the provider's app instead of an agent. 3) Send larger amounts less frequently. 4) Know the official fees so agents can't overcharge.