As the second phase of the ‘Ounje Eko’ discount market rolls out this weekend, MoneyMaster PSB has been retained as payment service bank for the scheme all over the state. The first phase was launched in March this year.
Ounje Eko is an initiative of the Lagos State Government and is geared towards assisting residents of Lagos have access to affordable food item. The items in the discount markets are available at a discount of 25 percent.
The second phase of the scheme will start on Sunday, September 1, across all the 52 Local Government Areas (LGAs), Local Council Development Areas (LCDAs) and in the premises of five tertiary institutions in the state.
MoneyMaster PSB, the CBN-licensed provider of innovative digital financial products and services, has been at the forefront of transforming lives and contributing to sustainable living. It has been providing financial services to bridge the gap between the banked, underbanked and unbanked populace.
MoneyMaster PSB was picked again in the new phase of the Ounje Eko scheme because of its excellent performance in the scheme’s first phase due to its secure, fast transaction processing and robust payment channels.
“MoneyMaster PSB has again won the mandate to deploy its cutting-edge collection solution for seamless transactions at Ounje Eko discount markets across the state owing to its innovative and robust payment and collection technology infrastructure”, a government source said.
MoneyMasterPSB said it was “excited to partner with the Lagos State Government in the second phase of the Ounje Eko discount markets as this programme aligns with our corporate philosophy of adding value to people’s lives.”
The payment service bank will deploy its cutting-edge payment solution to facilitate seamless payment and reconciliation to ease the experience of patrons of the markets and provide real time value to payment destinations.
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