Wema Bank’s ALAT for Business offers digital payment solution to Entrepreneurs

Wema Bank Ranked in SME Banking - KPMG Survey
Adebola Adebise, MD/CEO Wema Bank

The head of Wema Bank’s ALAT for Business, Samuel Robson has disclosed that the product is set to offer more value to businesses and entrepreneurs, through its digital solution.

The application, according to Robson, allows account holders with single and multiple signatories operate their account virtually, without stepping into the banking hall for the authorisation of transactions.

ALAT for Busness is the corporate version of ALAT and it has a broad transaction limit of up to N2billion, which allows small businesses to carry out as many transactions as they require.

“This is a time for businesses to leverage secure platforms that allow them to get on with their businesses virtually as this will help to keep their businesses afloat and keep them safe.” Robson said.

Robson added that with ALAT for Business, entrepreneurs can now schedule payments to as many as 5,000 beneficiaries at once. According to him, “this will free up their much needed time and allow them to carry out more tasks.”

According to Robson, this is one of the ways the bank is leveraging digital technology to provide solutions to customers and help fight the spread of the COVID-19 pandemic. With the new feature, business owners can now carry out transactions digitally, saving them the difficulty of having to get into the banking hall.


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