In recognition of its place as a digital pioneer within the African banking panorama, Africa’s first absolutely digital {bank}, ALAT, a trailblazing digital platform pioneered by Nigeria’s oldest indigenous and most progressive {bank}, Wema Bank, has been awarded Nigeria’s Best Digital Bank on the Euromoney Awards 2025.
Euromoney is a number one supplier of aggressive intelligence and benchmarking perception for the worldwide banking and finance {industry}, trusted for over 50 years to ship data-led evaluation that informs technique, validates efficiency, and helps decision-making on the government degree. The Euromoney Awards, pioneered by Euromoney, are thought to be the final word accolade in banking; the industry-leading stamp of approval that banks throughout the globe work yearlong to attain. Recognised as Nigeria’s main {financial} establishment in digital innovation, Wema Bank’s revolutionary digital {bank}, ALAT, was awarded Nigeria’s Best Digital Bank on the Euromoney Awards 2025 held at The Peninsula London Hotel in London on Thursday, seventeenth July, 2025.
Since its launch on May 2nd 2017, ALAT has bridged the gaps in supply of economic companies to Nigerians inside Nigeria and globally, evolving remarkably right into a holistic hub of life-style and {financial} options for Nigerian adults of all ages and from all walks of life. From merely being the primary absolutely digital {bank} in Africa, ALAT has advanced remarkably right into a digital platform with an ecosystem of dynamic {financial} options tailor-made to offer seamless, dependable, and handy service for all. With ALAT, primary {financial} companies like transfers, airtime & knowledge purchases, invoice funds and loans are positioned on the fingertips of customers, along with a variety of superior {financial} companies and options that merge banking with life-style.
From in-app native and worldwide flight bookings to tailor-made private and group financial savings choices, investments and shares, film and occasion tickets, offers and reductions on a limitless pool of services and products, 24/7 well being session, and a collection of customised mortgage choices for wage earners and non-salary earners; ALAT modified the sport, redefining banking and {financial} companies in a world the place digital has develop into the longer term. In view of ALAT’s groundbreaking position in blazing the path for FinTechs in Africa and its intentionally-curated wealth of options and choices designed to satisfy the wants of Nigerians in Nigeria and the diaspora, it’s evident that the Bank is undeniably deserving of the popularity and accolade.
Underscoring Wema Bank’s dedication in shaping the way forward for banking by way of impactful improvements like ALAT, Wema Bank’s MD/CEO, Moruf Oseni, expressed appreciation to the Euromoney Awards for recognising the Bank’s impression on the proliferation of digital innovation in Africa, reiterating the Bank’s dedication to its sustainability imaginative and prescient of creating digital options for societal impression. Receiving the award, Oseni commented, “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”.
“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”. Oseni concluded.
Wema Bank continues to boost the bar in {financial} companies, putting Nigeria on the worldwide map for banking and digital innovation. Since 1945, the Bank has spearheaded a optimistic transformation in Africa’s banking and {financial} panorama, proving that Nigerian-owned companies have the capability to final and stand the check of time. As the Bank celebrated its eightieth anniversary on May 2nd 2025, its futuristic digital platform, ALAT concurrently clocked 8, marking 8 years of digital transformation.
The world continues to observe in anticipation as Wema Bank leads the motion in digital innovation, shaping the way forward for banking in Africa.
ABOUT WEMA BANK
Established on May 2nd, 1945, Wema Bank is Nigeria’s oldest indigenous {bank}, most progressive, and pioneer of Africa’s first absolutely digital {bank}, ALAT. Commemorating a exceptional 80 years of impression and a way forward for prospects, Wema Bank celebrated its eightieth anniversary on May 2nd 2025 alongside the eighth anniversary of ALAT by Wema.
The publicly quoted Nigerian firm has efficiently constructed a legacy of belief, resilience and banking excellence that has received it the loyalty of its prospects for 8 a long time and counting. The Bank has remained progressive in delivering worth to its stakeholders, always introducing services and products tailor-made to the wants of its prospects at each stage of their lives.
Wema Bank is a proud accomplice to multiple million people, households, and companies throughout Nigeria, serving to them obtain their private and {financial} targets.
Since its institution in 1945, Wema Bank has constructed a legacy of pioneering innovation and empowering innovation to thrive, connecting conventional with digital and introducing a number of digital gamechangers and industry-firsts which have redefined requirements throughout varied industries and verticals.
From launching Africa’s first absolutely digital {bank}, ALAT, in 2017, Wema Bank went on to launch the ALAT For Business App, a business-focused model of ALAT; CoopHub App, a-first-of-its-kind digital resolution designed to empower cooperatives for optimum productiveness; Wema Phygital, a self-service implementation including a digital contact to the bodily expertise in Wema Bank’s branches; ALATPay, an end-to-end cost gateway that gives instantaneous settlement for enterprise transactions; and the ALAT Xplore App, Nigeria’s first absolutely licensed banking app for youngsters, amongst others.
