First 100% Digital Bank in Nigeria – Wema Bank Launches ALAT:
Banking business in Nigeria is witnessing massive revolution in facilities and infrastructures especially in the area of digitization with many banks exploring and employing the best of web technology to beat competitionand take up the lion’s share of the banking customers. This is the story of WEMA bank’s ALAT; First 100% Digital Bank in Nigeria as was discussed on Nairaland.com, Nigeria’s biggest forum.
Vanguard Newspaper reports that WEMA Bank Plc recently launched Nigeria’s first full digital banking service, named ‘ALAT’, which ensures that the needs of customers are met using technology to provide cheaper, faster and better services. At the moment, a large part of banks’ digital initiatives looks at delivering existing services cheaper, faster and better. This is a revolution.
Why ALAT; Nigeria’s First 100% Digital Bank Was Introduced:
Nowadays, banking customers are increasingly adopting digital options for their banking needs; this is why banks are daily seeing a massive reduction in the number of people that visit physical branches. Again, the digital world is constantly evolving and every forward-thinking brand is supposed to think along this way in order to improve on their digital offerings. Otherwise, you will be running at a huge loss. Apart from the obvious harsh economic condition of the nation, this is one other probable reason banks are closing branches.
How Does Wema Bank ALAT Work?
With WEMA ALAT, all you need to Open a Bank account from a mobile phone or personal computer are your Mobile Number and BVN (Bank Verification Number). This can be done in 5 minutes. As soon as your account is opened and you request for your Debit Card, it is delivered to your business or residence address in two business days, anywhere in Nigeria, at no cost. Isn’t amazing?
ALAT by Wema is simply a disruptive technology innovation that will cause a lot of other banks like Zenith Bank, GTB, First Bank, Diamond Bank etc, to re-analyse their mode of doing banking business so that they would not lose their banking customers to Wema Bank. This is because the new digital bank is driven by three pillars – Convenience, Simplicity and Reliability.
Have you signed-up for ALAT; Nigeria’s First 100% Digital Bank? Do you care to open account with WEMA Bank?