PalmPay Boosts Lagos Food Initiative with Payment Solutions

PalmPay, a leading fintech platform, has announced its collaboration with the Lagos State Government to enhance its food initiative by providing innovative payment solutions, empowering residents and businesses to participate in the Food Discount Market initiative, known as ‘Ounje Eko’.

In response to this collaboration, PalmPay stated that it is dedicated to equipping individuals and businesses with the necessary tools to succeed in today’s challenging economy.

Governor Babajide Sanwo-Olu of Lagos State initiated Ounje Eko, meaning Lagos Food, as a response to the prevalent economic challenges faced by residents, aiming to offer relief through discounted food items.

The Ounje Eko markets are strategically located in 27 locations in Ikeja, six in Lagos Island, nine in Ikorodu, five in Epe, and 10 in Badagry divisions, with essential food items made available to residents at a 25 percent discount.

Enakeno Umuteme, the Head of Marketing Communications at PalmPay, commented on the partnership, stating, “The Ounje Eko initiative is truly commendable, especially amidst the country’s high inflation rate of 30 percent, as reported by the National Bureau of Statistics.”

Umuteme further added, “PalmPay is honored to have contributed to the Ounje Eko Initiative by collaborating with the Lagos State Government as an Independent Payment Solution provider, facilitating payment platforms and supplying POS terminals for seamless transactions.”

He emphasized, “At PalmPay, our dedication lies in assisting individuals and businesses with the resources they need to thrive. By participating in this intervention, we believe we have made a significant positive impact within our community.”

This partnership marks a significant step towards leveraging digital payment solutions to support essential initiatives aimed at improving the lives of residents in Lagos State and fostering economic development in the region.

PalmPay’s collaboration with the Lagos State Government in the Ounje Eko initiative highlights the importance of fintech solutions in driving positive change and empowering communities.

May 17, 2024