Wema Bank’s ALAT, the first fully digital bank in Africa, has been recognized as Nigeria’s Best Digital Bank at the Euromoney Awards 2025.
Euromoney is a leading provider of competitive intelligence and benchmarking insight for the global banking and finance industry, trusted for over 50 years to deliver data-led analysis that informs strategy, validates performance, and supports decision-making at the executive level.
ALAT has revolutionized the banking landscape in Nigeria and globally, providing seamless and convenient financial services to individuals and businesses.
Since its launch in 2017, ALAT has evolved into a holistic hub of lifestyle and financial solutions, offering a range of services including transfers, airtime and data purchases, bill payments, and loans.
Speaking at the award ceremony in London, Wema Bank’s Managing Director and CEO, Moruf Oseni, expressed gratitude to the Euromoney Awards for recognizing the bank’s impact on digital innovation in Africa.
He reiterated the bank’s commitment to developing digital solutions for societal impact and shaping the future of banking.
“The world is moving fast, and so is the permeation of ‘digital’ into the most critical aspects of our lives. 80 years ago when Wema Bank was established, typewriters were the extent of banking technology.
“Today, we have pioneered a fully digital bank, and possess technology advanced enough to power over 150 FinTechs. In ten years, one can only imagine what this fast-paced digital economy will bring.
“One thing is clear, any business, venture or institution that will remain relevant by the end of the next decade, must leverage digital technology today.
“This is why Wema Bank is so driven when it comes to digital. Innovation and empowerment.
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“As a Bank, our stance is clear. Wema Bank will never relent in empowering lives through innovation and developing digital solutions for societal impact.
“We will continue to pioneer innovation, empower innovators and bridge the gap between traditional and digital, leveraging the opportunities of the digital world to generate meaningful impact on lives and businesses in Nigeria, Africa and across the world.
“We have remained resilient in this commitment since 1945 and this award tells us that the world is feeling our impact.
“We are honoured by this recognition, and I take this opportunity to extend our sincerest gratitude to the Euromoney Awards. We take this as a challenge to keep up the good work, go harder, and continue going above and beyond in shaping the future of banking through digital innovation.
“Here’s to 80 years of impact and a future of limitless possibilities with Wema Bank.”
Wema Bank has been a pioneer in digital innovation, launching several industry-firsts, including ALAT, ALAT For Business App, CoopHub App, Wema Phygital, ALATPay, and the ALAT Xplore App.
The bank’s commitment to digital innovation has positioned it as a leader in the Nigerian banking industry.
The Euromoney Awards are a prestigious recognition of excellence in the banking and finance industry. Wema Bank’s ALAT is a testament to the bank’s commitment to innovation and customer satisfaction.