The Federal Government has directed all banks and fintechs to collect and remit 7.5 per cent value-added tax on certain electronic banking services, effective Monday, January 19, 2026, according to an email notice issued by payment platforms. The VAT will apply to electronic banking charges, including mobile money transfers, USSD transaction fees, and card issuance […] The post FG Directs Banks, Fintechs To Remit VAT On Service Fees appeared first on Information Nigeria .