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.
Account opening/sign-up can be done in five minutes from a mobile phone or personal computer. Account holders can instantly fund their new account using any existing local or international debit/credit card you may have, in-app. No branch/ATM visits necessary. Debit cards are delivered to an account holder’s address in two business days, anywhere in Nigeria, at no cost.
Holders of ALAT account can also enjoy a simple automated savings plan that will see them earn 10 per cent annual interest – about three times the standard bank rate. They can also schedule frequent transfers (e.g salaries or mumsi's stipend) and bills (e.g DSTV subscription) and forget about them.
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