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ALAT: WEMA Bank launched Nigeria’s first digital bank

WEMA Bank Plc has launched Nigeria’s first full digital banking service, named ‘ALAT’which it says, signifies the beginning of a revolution in the banking industry; one where the needs of customers are met using technology to provide cheaper, faster, and better services. With ALAT, you can do all your banking transactions without being physically present at a bank.

ALAT: WEMA Bank has launched Nigeria’s first digital bank

ALAT by Wema has enjoyed good reception from the market since the beta launch some weeks ago. The new digital bank is expected to disrupt the banking landscape and is driven by three pillars – Convenience, Simplicity and Reliability.

The Managing Director, Segun Oloketuyi stated: “There is a reason banks are closing branches. Apart from the difficult economic environment, customers are increasingly adopting digital options for their banking needs, hence a reduction in the number of people that visit physical branches. The pace at which things are changing in the digital world is rapid. Therefore, every forward-thinking brand is always looking to improve on its digital offerings. With ALAT, Wema Bank has offered Nigerians everywhere in the world a bank that is designed to meet their needs.”

With ALAT, account opening/sign-up can be done in five minutes from a mobile phone or personal computer. Holders of the account can also enjoy a simple automated savings plan that will see them earn 10 percent annual interest – about three times the standard bank rate. Debit cards are delivered to an account holder’s address in two business days, anywhere in Nigeria, at no cost.


1) Open an ALAT account from your phone within minutes with your phone number and BVN. No paperwork needed, just take pictures of your documents and upload them.

2) Set up an automated savings plan with 10% annual interest rate

3) Fund your account from any local or foreign bank card

4) Schedule transfers and recurring bill payments

5) Receive your bank card anywhere in Nigeria in 2 days

6) Control your card from your phone; lock or unlock it, and choose where you want it to work.

7) Lowest inter-bank transfer charge at N50 (No hidden charges)



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