Ounje Eko: LASG retains MoneyMaster as payment partner

Ounje Eko: LASG retains MoneyMaster as payment partner

By Fly Cable News

Leading payment service bank, MoneyMasterPSB, has been reappointed by the Lagos State Government for the Phase 2 of the ‘Ounje Eko’ Food Discount Market which commences across the state on September 1, 2024.

Ounje Eko is an initiative by the Lagos State Government to provide a variety of food items to residents at a discount of 25 percent. It is meant to bring succor to residents of the state in the midst of steep food prices.

The scheme, which was successfully piloted in March this year will recommence on Sunday, September 1, across all the Local Government Areas (LGAs), Local Council Development Areas (LCDAs) and in the premises of five tertiary institutions in the state.

Based on its innovative and robust payment and collection technology infrastructure, MoneyMasterPSB has again been given the mandate to deploy its cutting-edge collection solution for seamless transactions at Ounje Eko discount markets across the state. MoneyMaster will be using 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.

“We are 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,” MoneyMaster PSB disclosed in a statement.

The retention of MoneyMaster PSB for the payment programme can be attributed to its excellent performance in the scheme’s first phase due to its secure, fast transaction processing and robust payment channels.

MoneyMasterPSB is a CBN-licensed provider of innovative digital financial products and services that transform lives and contribute to sustainable living. MoneyMaster has been instrumental in providing financial technology services to bridge the gap between the banked, underbanked and unbanked populace