Dear Valued Customer, In accordance with the Electronic Money Transfer Levy (EMTL) regulation of 2022, a ₦50 levy will be charged on transfers of ₦10,000 or more paid into your PalmPay account as mandated by the Federal Inland Revenue Services (FIRS). This levy does not apply to transfers between your own PalmPay accounts where the names and BVN/NIN match. Thank you for your understanding.