@philiprohv wrote:
Hi guys,
There was a conversation on Radar a while back about the possibility of an "app-only" bank operating in Nigeria. Link here.
Well, 10 months after, we at Wema Bank launched one. It's called ALAT (Yes, it plays on the word Alert..as in Bank Alert).
At it's core, ALAT is selling simplicity, reliability and convenience. To achieve that, we included the following features in this realease:
Open a fully functional savings account using just your BVN and phone number (We'll get to the unbanked in a few releases down the line) in exactly 5mins (we timed this!)
Instantly fund your new account using any existing local or international debit/credit card you may have, in-app. No branch/ATM visits necessary
Upload any required documents in-app. No branch visits necessary
Select from 2 debit card designs in-app and have same delivered to you within 2 business days any where in the country (at ZERO cost for the card and for the delivery)
Activate your new card and set your card PIN (or change an existing PIN) in-app. No branch or ATM visits necessary.
Control what channels (ATM, POS or Web) your card gets used on and also what country your card gets used in.
Schedule frequent transfers (e.g salaries or mumsi's stipend) and bills (e.g DSTV subscription) and forget about them. ALAT's got you.
Create savings goals and earn 10% p.a. in interest on each goal, irrespective of the goal amount. Set your target, choose your saving frequency and ALAT handles the rest...and makes you some good money in the process
Lastly, we've got our 24/7 customer success center that can be reached anytime should you run into any challenges using the bank.
ALAT launches to the public soon but we've opened it up for anyone interested in experiencing true, personalized, digital banking to use, enjoy and give any feedback.
Android users can find ALAT here while iPhone users can find it here. No support for Blackberry or Windows
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