WEMA BANK HONORED AT GLOBAL RETAIL BANKING INNOVATION AWARDS 2024

… Receives Best SME Bank in Nigeria and Excellence in Digital Innovation Awards

Wema Bank, known for its innovative solutions and as the pioneer of Africa’s first fully digital bank, ALAT, has been awarded Best SME Bank in Nigeria and Excellence in Digital Innovation at the 2024 Global Retail Banking Innovation Awards. These accolades highlight the bank’s commitment to supporting small and medium-sized enterprises (SMEs) and delivering cutting-edge digital experiences.

The Global Retail Banking Innovation Awards recognize financial institutions that are transforming the industry through impactful, customer-centric innovations. Wema Bank’s award for Best SME Bank in Nigeria acknowledges its outstanding support for SMEs, while the Excellence in Digital Innovation award reflects the bank’s achievements in reshaping digital banking.

Moruf Oseni, MD/CEO of Wema Bank, expressed pride in the recognition, stating, "Receiving these awards is a testament to Wema Bank’s dedication to innovation and our unwavering support for Nigerian SMEs. We are committed to delivering world-class banking solutions that empower our customers, and these recognitions inspire us to keep leading the way in digital transformation."

Wema Bank strengthens Nigeria’s SME sector by providing accessible loans and customized training programs, thereby supporting economic growth. Additionally, with ALAT, Africa’s first fully digital bank, the bank has redefined convenience and accessibility in banking. Recent initiatives, such as ALAT Xplore, Nigeria’s first licensed mobile banking app for teenagers, and Coop Hub, the first digital solution for Cooperative Societies, demonstrate Wema’s commitment to fostering financial literacy and supporting diverse banking needs.

As Wema Bank celebrates this achievement, it continues its mission to drive sustainable growth and innovation, setting new benchmarks in Nigeria’s financial landscape while enhancing the banking experience for all its customers.