Wema Bank’s ALAT Named Nigeria’s Best Digital Bank at 2025 Euromoney Awards

In a major recognition of its trailblazing leadership in Africa’s digital banking space, Wema Bank’s digital platform, ALAT, has been awarded Nigeria’s Best Digital Bank at the prestigious Euromoney Awards 2025.

The award, presented at a ceremony held on Thursday, July 17, 2025, at The Peninsula London Hotel, celebrates ALAT’s pioneering role in transforming banking through innovation, convenience, and technology-driven solutions. Developed by Wema Bank, Nigeria’s oldest indigenous bank, ALAT remains Africa’s first fully digital bank and a key driver of digital inclusion across the continent.

Speaking at the event, Wema Bank’s Managing Director/CEO, Moruf Oseni, expressed his appreciation to the organisers and reaffirmed the bank’s commitment to innovation and societal impact through technology.

“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.”

Oseni further stated: “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.

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“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.”

The Euromoney Awards, renowned globally as one of the highest honors in the banking industry, recognize excellence, innovation, and leadership across global financial institutions. ALAT’s recognition underscores the digital bank’s disruptive influence on traditional banking models and its continued evolution from a mobile-first solution to a comprehensive lifestyle and financial ecosystem.

Since its launch on May 2, 2017, ALAT has empowered millions of Nigerians, offering user-friendly features such as instant transfers, bill payments, airtime/data purchase, loan access, and more. But beyond banking, ALAT has also integrated lifestyle services like flight bookings, investment tools, group savings, health consultations, event ticketing, and exclusive product deals—making it a one-stop platform for modern digital living.

Wema Bank’s journey of innovation doesn’t stop at ALAT. Over the years, the bank has rolled out several first-of-their-kind solutions including:

• ALAT For Business, a digital banking platform for SMEs
• CoopHub, designed to power cooperatives across Nigeria
• Wema Phygital, combining digital efficiency with in-branch service
• ALATPay, a full-service payment gateway
• ALAT Xplore, Nigeria’s first banking app tailored for teenagers

These innovations reflect Wema Bank’s strategic focus on empowering lives through digital technology and staying ahead in a rapidly evolving financial services landscape.

As Wema Bank celebrated its 80th anniversary on May 2, 2025—coinciding with ALAT’s 8th year—this award adds a prestigious milestone to its legacy of trust, resilience, and innovation. The Bank continues to set benchmarks in the digital transformation of Nigeria’s financial ecosystem, further proving that homegrown institutions can lead on the global stage.

About Wema Bank:
Founded in 1945, Wema Bank is Nigeria’s oldest indigenous financial institution and a publicly quoted company on the Nigerian Exchange. Known for pioneering Africa’s first fully digital bank, ALAT, Wema Bank continues to drive innovation in banking with customer-centric solutions across personal, business, and lifestyle segments. Today, Wema Bank proudly serves over one million customers nationwide and remains a cornerstone in Nigeria’s journey toward financial inclusion and digital transformation.