Payment service bank, MoneyMaster Payment Service Bank Limited (MMPSB), has been praised for its significant contributions to Lagos State’s ‘Ounje Eko’ initiative. This food price discount program aims to provide relief to residents of the state amid rising living costs.
The commendation came from Lagos State Commissioner for Agriculture and Food Systems, Abisola Ruth Olusanya, during a visit by MoneyMaster PSB’s executive management team to the Ministry of Agriculture in Ikeja, Lagos.
Speaking at the meeting, Olusanya expressed her gratitude to the bank for its partnership and highlighted its vital role in ensuring the success of Phases 1 and 2 of the initiative. She emphasized the importance of continued collaboration between the Ministry and MoneyMaster PSB, noting the potential for greater impact on Lagos residents through future joint efforts.
Julius Arhebun, Head of Agency Banking at MoneyMaster PSB, reiterated the bank’s commitment to supporting the state’s initiatives. He expressed appreciation for being appointed as one of the official collection banks for the project and pledged ongoing collaboration to benefit the people of Lagos.
Licensed by the Central Bank of Nigeria (CBN) in August 2020, MoneyMaster PSB provides a range of financial services, including payments and remittances, deposit acceptance, debit and prepaid card issuance, and electronic wallet operations. In a bid to promote financial inclusion, the bank recently introduced a 10% data bonus and a 100MB seeding bonus for both existing and new customers. These offers are accessible via its USSD code and mobile banking app.
The ‘Ounje Eko’ initiative reflects Lagos State’s commitment to tackling food affordability challenges, and MoneyMaster PSB’s involvement underscores its dedication to impactful corporate social responsibility.
