The OunjeEko discount market, launched by the Lagos State Government, initially faced challenges due to limitations of traditional payment methods, further compounded by the cashless policy. However, the introduction of NQR, a modern payment solution, has revolutionized the landscape. although not as perfect as Nigerians would want, the air of progress is commendable.
NQR offers a seamless and convenient experience. Customers simply scan QR codes displayed at payment points using their mobile banking apps, eliminating the need for cash or waiting in long queues at POS terminals. This efficiency was evident during a recent visit, where customers and supervisors alike praised NQR's role in speeding up transactions and reducing congestion.
although a new technology especially for the marketers in OunjeEko discount market, the government is optimistic that this new innovation will become a day to day method of transaction especially now that Nigeria is moving towards a cashless economy.
Beyond OunjeEko, NQR signifies a broader shift towards innovation in the retail sector. Its growing adoption positions it to become an essential part of the modern shopping experience, redefining how transactions are conducted and prioritizing customer satisfaction.
what are the pro and cons of using the NQR ?
Pros includes:-
- fast information retravel which means faster transactions
- easy to use and applied
- ability to track details
Cons:-
- vulnerability to phishing if not properly encrypted
- total dependence on tech, needs internet to function ,
- not everyone will have the technical know how.

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