Banking
Wema Bank Upgrades ALAT App, Offers 30% Discount to Customers
By Dipo Olowookere
Customers of ALAT, Nigeria’s first fully digital bank launched by Wema Bank Plc, are set to enjoy the best of times with the lender committed to understanding their needs and offering them great deals.
The bank, which recently celebrated 100,000 accounts after just five months of operation, is offering its customers discounts of up to 30 percent on purchases made with its cards.
“When we launched ALAT in May, we made some promises to everyone who banks with us and we have not failed to deliver on these promises,” says Dele Adeyinka, chief digital officer at ALAT by Wema. “Technology has opened up various options through which banking can be made easier, faster and even more rewarding. We have been able to exploit the capabilities technology has offered to become a part of customers’ life. We are tailoring the solutions we provide to the lifestyles of our customers.”
The discount offer is part of the new ALAT 2.0, an upgrade to the app the Bank launched with. The new version of ALAT is expected to help it deliver more value to its customers who are increasing daily.
The new upgrade also comes with freshly designed interface that remains representative of the trendy ALAT app.
With ALAT 2.0, customers can send money to phone numbers, email addresses and social media handles. These interesting features have also come with exciting names like ALAT Pay out, ALAT Deals and ALAT Stash – which allows customers to earn 10 percent interest on savings.
Launched in May 2017, ALAT is Nigeria’s first fully digital bank, designed in response to the growing needs of Nigerian millennials for financial institutions that understand their fast-paced lifestyle, responds quickly to their needs and helps them save money.
ALAT by Wema Bank was named the Digital Banking Platform of the year by Business Day, Nigeria’s foremost business newspaper.
The bank was also recently nominated as the best innovative digital solution in Nigeria by the World Summit Awards. The Bank is now competing with 99 other nominees from across the world for the global top prize.
Few weeks ago, ALAT won an award for Excellence in Branchless Banking in the New Age Banking Awards.
ALAT can be downloaded from Google Play Store and Apple’s App Store. It provides end-to-end banking services digitally, without the need for physical branches. The bank also delivers free debit cards to its users.
Adoption of ALAT has exceeded expectations, with the bank passing the 100,000 accounts milestone early in October 2017.
An average of 500 ALAT accounts are opened every day through the bank’s 10 For 10 referral program alone. The program pays up to 1,000 naira for each referral made.
By Dipo Olowookere
Tech enthusiasts interested in participating in the Take on Squad Hackathon, organised by Guaranty Trust Holding Company (GTCO) Plc, can now enter the contest via the official portal at https://squadco.com/hackathon.
The programme enters its third edition in 2026, and the theme for this year is Smart Systems: The Intelligent Economy, according to a statement issued by the organisers.
The hackathon brings together developers, designers and entrepreneurs across Nigeria in a collaborative environment to build practical solutions across key sectors, including financial services, healthcare, commerce and digital inclusion.
Participants are challenged to design and build intelligent, data-driven solutions that transform how communities engage with money.
It is part of the organisation’s commitment to fostering innovation, empowering talent, and supporting the development of technology-driven solutions that address real-world challenges across Africa.
“Today’s dynamic, digitally driven world demands continuous innovation, which is shaping how economies grow, how businesses scale, and how societies evolve.
“Through Take on Squad Hackathon, we are deliberately investing in the ideas and talent that will define the future.
“Our objective is not simply to encourage innovation, but to enable its translation into scalable solutions that deliver real and measurable impact.
“This reflects GTCO’s role as a financial services platform that connects capital, capability, and creativity to drive sustainable progress,” the Managing Director of HabariPay, Ms Eduofon Japhet, stated.
The social coding event remains a cornerstone of HabariPay’s mission to foster creativity and problem-solving among emerging tech talents. Competing teams will leverage Squad’s advanced APIs to create scalable digital tools that address everyday challenges faced by businesses and individuals.
Through initiatives such as this, GTCO continues to position itself at the intersection of finance, technology and enterprise, actively shaping the future of digital transformation in Africa.
By Dipo Olowookere
Banking services will not be interrupted throughout the Easter public holidays, from Friday, April 3, to Monday, April 6, 2026, for any reason, Ecobank Nigeria has assured its customers.
In a message over the weekend, the member of Africa’s leading pan-African banking group, Ecobank Transnational Incorporated, said customers would continue to enjoy quality service delivery during the period.
It noted that its secure and robust digital platforms would remain fully operational to support financial activities during the festive period.
All digital channels, including the Ecobank Mobile App, Ecobank Business App, USSD *326#, Ecobank Online, OmniPlus, Omnilite, EcobankPay, Ecobank Cards, ATMs, PoS terminals, and over 35,000 Ecobank Xpress Point agent locations nationwide, will remain accessible throughout the holiday, the financial institution further said, urging customers to conveniently conduct transactions at any time using this wide range of digital solutions.
Ecobank customers were encouraged to maximise the bank’s alternative channels for transfers, bill payments, airtime purchases, card services, and account management.
They were also advised to stay vigilant by shopping only on trusted websites; avoiding the sharing of PINs, passwords, and one-time passwords (OTPs); refraining from banking on public Wi-Fi networks; being cautious of urgent or emotionally charged messages; and regularly monitoring their account activity.
“Customers will continue to enjoy a full bouquet of services during the holiday, including local and international funds transfers, bill payments, airtime top-ups, merchant payments, balance enquiries, account statements, and cardless cash withdrawals via ATMs,” the Head of Products & Analytics, Consumer & Commercial Banking at Ecobank Nigeria, Mr Victor Yalokwu, stated.
“We understand that festive seasons come with increased financial activity, and our priority is to ensure our customers enjoy fast, reliable, and secure banking wherever they are.
“Our digital channels are designed to support uninterrupted transactions, and we have strengthened our systems to guarantee optimal performance throughout the Easter break,” he added.
Mr Yalokwu noted that, “Ecobank remains committed to providing innovative financial solutions and exceptional customer service. We wish all our customers and partners a peaceful and joyful Easter celebration.”
By Dipo Olowookere
Customers may have difficulty accessing the digital platform of Polaris Bank, known as VULTe, during the Easter holidays from Friday, April 3, to Monday, April 6, 2026.
This is because the financial institution is carrying out system maintenance on the platform in its effort to ensure users enjoy a better banking experience.
In a notice over the weekend, the lender said “access to VULTe may be limited,” but it provided an alternative, which is the PolarisXperience.
Polaris Bank, which expressed regret over “any inconvenience” this action may cause its customers, said the “scheduled system maintenance” would happen from 10 pm to 8 am daily, promising that normal service would return after the maintenance.
“In continuation of our commitment to delivering a seamless and improved banking experience, we will be conducting a scheduled system maintenance during the Easter holidays.
“During this period, access to VULTe may be limited. We have provided an alternative channel, PolarisXperience:
“Please go to our website to onboard or use it as an existing user. You can also use this link: (https://elogin.polarisbanklimited.com).
“We regret any inconvenience and appreciate your understanding. Normal service will resume after the maintenance,” parts of the notice seen by Business Post read.
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