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Home / TRENDING / ALAT by WEMA – Failure in Branch Banking

ALAT by WEMA – Failure in Branch Banking

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WEMA Bank Plc launched Nigeria’s first full digital banking service not too long ago, named ALAT, which according to WEMA Bank 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.

Alat by Wema Bank

The fact that Wema Bank Plc realised that branch banking has failed them and on the other hand ✋ they have failed branch banking and took a new route of digital banking is highly commendable.

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VergeHub has gone through the ALAT NG digital banking platform by WEMA Bank and its a great entry into the full digital banking space.

As a Front liner in this space, we expect the learning curve to favour them and help them lead strategic innovation in the space.

Our view  is that Wema Bank Plc will in the future, liquidate Wema Bank Plc after using the existing structure and resources to build up the ALAT bank to a sustainable level.

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It is also important to note that most other banks currently provide digital banking services as well as traditional banking services.

ALAT by WEMA is the first one to be completely digital.

Some Unique Features of ALAT NG

  1. Open account in less than 5 minutes.
  2. Schedule transfer and bill payments.
  3. Save easily with automated goal saving.
  4. Free bank card and delivery anywhere in Nigeria.
  5. Control your bank card from your phone.
  6. Works with all Nigerian Bank Cards.
  7. No hidden charges.
  8. Up to 10% interest on savings.
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Android users can find ALAT apk here, iPhone users can find it here, while the web app can be found here.  There’s apparently n support for Blackberry or Windows devices.

YOUR THOUGHTS?

1 Comments

  1. This is a great step from WEMA Bank and it is highly commendable. My quick question is this: what will happen to the current staffs of WEMA Bank?

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