Wema Bank’s ALAT Named Nigeria’s Best Digital Bank at Euromoney Awards 2025
Wema Bank’s innovative digital banking platform, ALAT, has been crowned Nigeria’s Best Digital Bank at the prestigious Euromoney Awards 2025, reaffirming its position as a trailblazer in Africa’s fintech landscape.
Euromoney, a global leader in benchmarking and intelligence for the banking and finance industry, has been setting standards for over five decades. Its awards are regarded as the highest accolade in banking, recognized worldwide as a mark of excellence. At the ceremony held at The Peninsula London Hotel on July 17, 2025, ALAT was celebrated for its groundbreaking contributions to digital banking in Nigeria and Africa.
Since launching on May 2, 2017, ALAT has revolutionized the financial services sector by bridging gaps in banking access for Nigerians both within the country and abroad. What began as Africa’s first fully digital bank has evolved into a comprehensive lifestyle and financial ecosystem. Today, ALAT offers a broad array of services—from basic transactions like transfers, airtime purchases, bills, and loans to advanced features such as flight bookings, savings plans, investments, event tickets, health consultations, and tailored lending solutions.
ALAT’s innovative approach has redefined banking by seamlessly integrating financial services with lifestyle needs, providing users with a one-stop digital platform that caters to a diverse range of demands. Its features empower Nigerians to manage their finances effortlessly while enjoying exclusive deals and services, anywhere and anytime.
Wema Bank’s Managing Director/CEO, Moruf Oseni, expressed pride in the recognition: “This award underscores our commitment to digital innovation and societal impact. Since our inception 80 years ago, we have continually embraced change—from typewriters to fully digital platforms. Our vision is to empower lives through technology, and this accolade affirms that we are on the right path. We remain dedicated to pioneering innovations that will shape the future of banking across Africa.”
He further emphasized Wema Bank’s unwavering commitment to digital transformation: “We will continue to lead by example, empowering innovators, bridging traditional and digital banking, and creating meaningful societal impact. This recognition fuels our resolve to push boundaries and explore new frontiers in financial technology.”
As Nigeria’s oldest indigenous bank, Wema Bank has consistently driven positive change in Africa’s banking landscape. Celebrating its 80th anniversary in May 2025, the bank also marked its 8th year of operating ALAT, its flagship digital platform, which has become a symbol of Nigeria’s digital banking evolution.
The industry and the world continue to watch as Wema Bank leads Africa’s digital revolution, transforming banking and financial services for a future of limitless possibilities.
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