In a resounding recognition of its digital leadership, ALAT by Wema Bank has been crowned Nigeria’s Best Digital Bank at the prestigious Euromoney Awards 2025, held at The Peninsula Hotel, London.
ALAT, the first fully digital bank in Africa, is a flagship innovation of Wema Bank, Nigeria’s oldest indigenous and one of its most innovative financial institutions. Since its launch on May 2, 2017, ALAT has redefined digital banking, evolving into a comprehensive platform that integrates lifestyle and financial services tailored for a wide demographic of users both in Nigeria and the diaspora.
The Euromoney Awards, regarded as the benchmark for global banking excellence for over 50 years, celebrate institutions that deliver outstanding performance, innovation, and value. ALAT’s win reaffirms Wema Bank’s commitment to building a future-forward banking ecosystem through digital transformation.
A Revolution in Digital Banking
More than just a mobile banking app, ALAT delivers a full suite of services—from account opening to local and international flight bookings, savings, loans (for salary and non-salary earners), investments, insurance, and 24/7 virtual health consultations. It also features lifestyle offerings including discounted shopping, movie tickets, and exclusive events, setting the standard for digital banking across the continent.
Speaking at the awards, Wema Bank’s Managing Director/CEO, Moruf Oseni, said: “Eighty years ago, Wema Bank was powered by typewriters. Today, ALAT leads Africa’s digital banking evolution. We’re not just building a bank, we’re building the future—one powered by innovation, inclusion, and impact.”
He emphasized Wema Bank’s role in enabling a robust digital economy: “With technology capable of powering over 150 FinTechs, our mission is to bridge the gap between traditional banking and digital innovation—empowering individuals, businesses, and the next generation of change-makers.”
Legacy of Innovation
As Wema Bank marked its 80th anniversary in May 2025, ALAT celebrated eight years of redefining how people access and experience financial services. Wema Bank’s digital innovation roadmap includes:
- ALAT for Business – tailored for SMEs and entrepreneurs
- CoopHub – a digital platform for cooperative societies
- Wema Phygital – blending physical and digital banking experiences
- ALATPay – a seamless, instant business payment gateway
- ALAT Xplore – Nigeria’s first banking app for teenagers
About Wema Bank
Founded on May 2, 1945, Wema Bank is Nigeria’s longest-surviving indigenous bank. Publicly quoted and widely respected, it serves over 1 million customers through its innovative product portfolio and over 150 physical locations across Nigeria. Wema Bank continues to drive transformation by investing in future-ready solutions and inclusive banking systems that align with national and continental economic development goals.
As the banking world continues to digitize, Wema Bank and ALAT remain at the forefront—reshaping finance and enabling progress through technology.