The Lagos State government has appointed Nigeria’s leading payment service bank – MoneyMaster Payment Service Bank Limited (MMPSB) – as a collection and payment partner for its “Ounje Eko” Food Markets, a food price discount initiative to bring succor to residents of the State.
Amidst rising food costs in the country, the “Ounje Eko” Food Markets programme was introduced on March 17, 2024 by the State government across the five divisions of Lagos State.
By the appointment, MoneyMaster Payment Service Bank will collect payments in 57 LCDAs in the State.
To support the Lagos State government in the realization of the Ounje Eko initiative, MoneyMaster will be deploying its cutting-edge payment solution to facilitate seamless payment and reconciliation to ease the experience of Lagosians who will be patronizing the markets. Its payment solution is also robust and can provide real time value to payment destinations.
The appointment is a testament to the quality of payment solutions that MoneyMaster deploys to its growing business partners in private and public sectors.
In fact, MoneyMaster was one of the five Central Bank of Nigeria-licensed Payment Service Banks (PSBs) to promote financial inclusion across Nigeria.
