The future of banking is digital and Wema Bank is backing this belief by ditching the corporate dogma and taking proactive steps towards bringing tomorrow’s banking to the today’s customers.
ALAT is a branchless, paperless bank which provides financial services through its Android, iOS and web applications.
Following its launch in May 2017 with over 200,000 accounts opened and over 1.1 billion naira in deposits as at February 2018, ALAT releases two exciting new features: quick short-term loans and a virtual dollar card for paying online internationally.
ALAT Loans are accessible to all ALAT customers through the bank’s Android and iOS apps while the ALAT Virtual Dollar Card is a non-physical, dollar-denominated debit card designed for online payments.
Like ALAT Loans, the card is available to all the bank’s customers through its apps. In addition, customers of the bank can now connect other Nigerian bank accounts to their ALAT profile on the app. This makes moving money around a lot easier for people who use multiple bank accounts.
The feature is one of several ways ALAT users can fund their account. Other ways are through local and international bank cards, and by transfer.
ALAT is powered by Wema Bank, the first and longest-serving truly indigenous bank in Nigeria.