May 29, 2022


Accounting + Finance Blog

Wema Bank is disrupting Digital Banking with its updated Alat App version 2.4


Wema bank digital banking platform, Alat by Wema, is set to disrupt online banking in Nigeria with the updated mobile app version 2.4. The new added features have allowed customers of other banks to incorporate their bank accounts into the Alat App. This only mean that you don’t need to have a bank account with their holdings, Wema, to operates Alat digital banking services.

Before the new version, the previous versions allow you to save money and get 10 percent interest. You can pay for a cinema, order for an item on payporte, pay for iTunes for those using I phones, pay for international passport and many more.

In addition to all the aforementioned, the Alat version 2.4 is capable of doing more. From the App, which you can download from Google Play store and Apple App store, you can receive loan of up to NGN100,000. Now, you don’t need a physical ATM card to perform online transaction. The new version allows for virtual card. The virtual card is not different from your regular card and can do exactly the same tasks. You can also carryout dollar payment with the Alat Virtual card which you don’t necessary need to have a domiciliary account.

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The Fund Account is another feature you can access with Alat new version 2.4. With this feature, you can add other Nigeria bank account you have to your Alat app, enabling you to operate all your accounts in one place. The final feature added to the Alat App is the ability to track your ATM card from when you request for it to delivery.

Wema bank is the parent company to Alat digital banking. Wema bank closing market share price at the Nigerian Stock Exchange was NGN31.05 and its shares value was NGN28,992,015.19 as at when writing this post.

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