27/12/2025
Update!
In line with the Nigeria Tax Act (NTA) 2025, the Electronic Money Transfer Levy (EMTL) has been renamed Stamp Duties, effective January 1, 2026.
A ₦50 charge will apply to transfers of ₦10,000 and above, paid by the sender as mandated by FIRS.
Please note that PalmPay does not benefit from this charge, and transfers between your own PalmPay accounts remain unaffected.
Thank you for your understanding and continued trust in PalmPay.