Wema Bank has unveiled AlatPay, a digital payment solution tailored for small and medium enterprises (SMEs) to facilitate the digitization of their operations. AlatPay is set to empower SMEs by enhancing their ability to conduct multiple financial activities and acquire transactions efficiently.
Tunde Mabawonku, Executive Director of Retail and Digital Business at Wema Bank, highlighted the shift from cash to cashless transactions, noting that the future of payments is becoming increasingly cardless. AlatPay enables transactions to be executed in seconds with just a few taps on a smartphone.
AlatPay positions Nigerian merchants and SMEs to easily acquire transactions globally, providing a seamless payment gateway that simplifies financial activities without exposing sensitive financial details.
Beyond the digital payments platform, Wema Bank offers additional packages including an SME toolkit, loan facilities, training, and exposure to help their customers grow and succeed.
Damola Bolodeoku, Head of Payment at Wema Bank, emphasized the seamless integration process of AlatPay, allowing merchants to access their storefronts and process transactions in any currency effortlessly. The platform offers diverse payment options, efficient settlements, and strong security measures.
Benefits of AlatPay
– Unlimited Transactions: Customers can enjoy unlimited transactions without any restrictions.
– Instant Payment: Transactions are processed instantly, ensuring quick and efficient payments.
– Multiple Payment Options: AlatPay supports various payment methods, offering flexibility to businesses.
– No Hidden Charges: Transparent pricing with no hidden fees.
– Developer Support: Access to API and integration support for easy setup.
Wema Bank’s launch of AlatPay is a significant step towards supporting SMEs in Nigeria. By providing a comprehensive digital payment solution, Wema Bank continues to innovate and drive economic growth, ensuring that SMEs have the tools they need to succeed in an increasingly digital world.
