Who is responsible for charging the E-Levy and how will it be charged?

The levy will be charged whenever a person makes a transfer. MTN Mobile Money as a charging entity will add the levy to the transfer amount and charge both to the customer's wallet or account.

MTN Mobile Money will then pay the levy collected from the subscriber to Government. Apart from Mobile Money Limited, other entities within the following categories will be charging the e-levy:

• Electronic Money Issuers (mobile money operators including MTN Mobile Money)
• Payment Service Providers
• All banks
• Specialized Deposit taking institutions such as rural and community
banks, savings and loan companies, finance houses etc.
• The Minister also has the power to add to the list through Regulations