Wema Bank has been awarded Best Small and Medium Enterprise (SME) Bank in Nigeria and Excellence in Digital Innovation at the 2024 Global Retail Banking Innovation Awards.
These awards underscore the bank’s commitment to empowering
businesses and delivering transformative digital solutions that cater to
evolving customer needs.
According to a statement by the financial institution, Wema
Bank’s Best SME Bank in Nigeria award highlights its exceptional support for
SMEs, while the Excellence in Digital Innovation award recognises the bank’s
success in pioneering digital experiences that redefine convenience and
accessibility.
Commenting on the awards, MD/CEO Wema Bank, Moruf Oseni
expressed pride in the recognition.
He said: “Receiving these awards is a testament to Wema
Bank’s dedication to innovation and our unwavering support for Nigerian SMEs.
We are committed to delivering world-class banking solutions that empower our
customers. These recognitions inspire us to keep leading the way in digital
transformation, helping Nigerian businesses thrive in a competitive world.
“Through initiatives like accessible SME loans and tailored
training programmes, Wema Bank strengthens the backbone of Nigeria’s economy by
providing SMEs with essential resources to grow and compete effectively.
“These efforts affirm Wema Bank’s role as a leader in SME
support, enabling businesses to contribute meaningfully to national
development.
“On the digital innovation front, Wema Bank has transformed
the banking experience through ALAT, Africa’s first fully digital bank,
bringing seamless banking solutions to the fingertips of Nigerians.
“Coop Hub – First digital solutions for Corporative
Societies in Nigeria to manage their operations and recently, the launch of
ALAT Xplore—Nigeria’s first licensed mobile banking app designed for
teenagers—introduced financial literacy and secure banking to young Nigerians,
equipping the next generation with essential skills for a financially
responsible future.
“As Wema Bank celebrates this achievement, the Bank remains
focused on its mission to support sustainable growth for all customers. With a
vision centered on progress and innovation, Wema Bank continues to set new
benchmarks in Nigeria’s financial landscape, dedicated to fostering prosperity
and enhancing the banking experience for every user.”
Source: thisdaylive.com