Wema Bank, renowned for its innovative banking solutions, has made another groundbreaking move with the official launch of ALATPay, a game-changing platform designed to provide a secure and seamless end-to-end shopping experience for customers and instant settlement for merchants.
The launch event, held in Lagos on July 17th, 2024, marked a significant milestone in the financial services industry.
ALATPay is a cutting-edge payment gateway that offers an integrated system for business owners to showcase their products and services on their ALATPay online storefronts. With ALATPay, merchants can accept payments through various channels, including Debit Cards, Credit Cards, USSD, and direct bank payments. The platform also provides settlement options in local or foreign currency, depending on the merchant’s preference.
One of the key advantages of ALATPay is its ability to provide instant settlement on transactions, eliminating the need for third-party intermediaries. This simplifies the payment process for both merchants and customers while ensuring transaction security.
The platform is user-friendly, with unlimited transactions and no hidden charges. It also offers dedicated support for users, ensuring a seamless experience.
ALATPay introduces a revolutionary approach to payment gateways by providing online storefronts for each business, along with a unique link for seamless sharing. When customers click the link, they are directed to the business’s storefront, where they can browse, add items to their cart, proceed to checkout, and make payments using their preferred method, such as cards, banking information, bank transfer, QR code, or phone number. Unlike traditional payment gateways that require third-party financial institutions for settlement, ALATPay provides immediate settlement, allowing businesses to receive their funds instantly.
Highlighting the significance of ALATPay, Oluwole Ajimisinmi, Wema Bank’s Executive Director, Lagos Directorate, emphasized the bank’s commitment to empowering businesses and providing them with viable solutions to thrive and scale. Ajimisinmi highlighted that ALATPay not only offers a payment gateway but also provides a complete SME toolkit, including training, exposure, loan facilities, and trading opportunities, all in one platform. This comprehensive solution aims to empower Nigerian businesses for success.
Damola Bolodeoku, Wema Bank’s Divisional Head of Payment Business, further explained the unique features of ALATPay. One of the standout features is the ability to receive payments in foreign currency, allowing businesses to cater to international customers seamlessly. The integration process on ALATPay is streamlined, and the platform is fortified with anti-fraud and money laundering tools to ensure maximum security. ALATPay breaks boundaries for businesses, providing untapped potential for growth and success.
Testimonials from industry experts and users at the launch event praised ALATPay for its smooth user experience, efficient data structure, and exceptional technical support. Developers and business owners alike commended the platform’s simplicity and its role in driving business establishment and growth.
ALATPay is set to revolutionize cross-border transactions for businesses, enabling them to access unlimited markets, amass sales globally, and receive payments in local or foreign currency. With its secure and efficient features, ALATPay is poised to empower MSMEs and facilitate sustainable growth.
Businesses interested in harnessing the unique benefits of ALATPay can visit alatpay.ng for seamless onboarding in a matter of minutes. Wema Bank continues to spearhead transformation in the Nigerian banking sector, supporting businesses to thrive in the digital age.
