In a move to enhance collection and payment services at the Ounje Eko markets throughout Lagos State, the state government has selected MoneyMaster Payment Service Bank Limited (MMPSB), Nigeria's premier payment service bank, as its payment partner for the "Ounje Eko" Food Markets initiative. This initiative aims to provide relief to residents of the state by offering food price discounts.
MoneyMaster PSB, in a statement released in Lagos, announced its role in managing payment collections across 57 Local Council Development Areas (LCDAs) in the state as part of the program.
The initiative, launched on Sunday, March 17, 2024, addresses the challenges posed by escalating food prices in the country and covers all five divisions of Lagos State.
To facilitate collection and payment services of the programme, the statement explained that MoneyMaster will deploy its cutting-edge payment solution which is expected to facilitate seamless payment and reconciliation, thus ensuring smooth shopping experience for Lagosians who will be patronizing the markets.
"The appointment of MMPSB is a testament to the quality of payment solutions that the bank deploys to its growing business partners in private and public sectors,” the statement concluded.
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