By Aduragbemi Omiyale
To expand its e-commerce payment capabilities and provide secure and reliable payment options at a reduced cost, Wema Bank Plc has joined forces with the acclaimed new disruptor in the African payments market, enza.
It was gathered that collaboration would enable enza to integrate its innovative payment orchestration solution into the lender’s payment system, thereby improving the quality of service to merchants, enhancing payment security, increasing service reliability, and significantly reducing operating costs through transaction optimization.
Wema Bank said it would leverage enza’s payment orchestration capability to further enhance its existing e-commerce payment services, including its digital bank system, ALAT.
This will offer Wema Bank customers an array of access to an improved suite of payment processing features, enabling them to accept a wider range of payment options, including all payment cards, e-wallets, and more.
The streamlined and resilient payment processes will ensure quick and hassle-free transactions, enhancing the overall customer experience for those making and accepting payments.
The Executive Director of Retail and Digital Business at Wema Bank, Mr Tunde Mabawonku, explained that the innovation would empower the bank’s clientele to embrace a wider spectrum of payment alternatives, encompassing diverse payment cards, e-wallets, and more.
In his view, the streamlined and resilient payment processes will ensure the swift and hassle-free completion of transactions, thereby enriching the holistic customer experience for both payment initiators and recipients.
On his part, the Divisional Head of Payment Business at Wema Bank, Mr Damola Bolodeoku, emphasised the harmonious alignment between this partnership and the bank’s overarching strategy of continual innovation and service enhancement.
“As an establishment that takes pride in its role as a digital frontrunner within the banking sector, we are enthralled to synergize with enza Group to introduce a revolutionary e-commerce payment gateway solution.
“Through this synergy, we ardently anticipate amplifying our e-commerce payment capacities and delivering heightened value to our customers through all avenues,” Mr Bolodeoku stated.
Also commenting, the chief executive of enza, Mr Hany Fekry, remarked that, “Our mission is to simplify payments across the region, thereby enabling seamless and secure transactions across the Middle East and Africa.
“This new partnership with a premier Nigerian bank further accelerates our progress towards that goal.”
Dipo Olowookere