Digital Banking Can Aid Financial Inclusion

The managing director and chief executive of Wema Bank Plc, Ademola Adebise, has said, with the advancement of technology, digital banking can play a big role in driving Financial inclusion in the country.

Speaking at the opening of its ultra modern branch at Constitution Avenue, Central in Abuja, Adebise noted that, the bank, being Nigeria’s oldest indigenous bank, has evolved in the last decades despite the glaring challenges facing the banking sector.

“Wema Bank, being in existence, for the last seven decades,  is expanding its branches today here in FCT as it is not only the capital of Nigeria but also a business hub in the country, with over 6,000 Small and Medium Enterprises(SMEs) asides the thousands of micro businesses operating in the FCT.

“Similarly, the Bank is leading in digital banking services since the launch of ALAT by Wema, an application that offers a comprehensive banking and other digital transaction options,” he said.

He added that, even as the bank is expanding its branches, other digital platforms of transactions are operational anywhere around the world.

Speaking further, chief Finance & Strategy officer of the bank, Tunde Mabawonku said, in over 77years of the existence of the bank, it has been operational for 30 years in the FCT.

He added that, the ALAT banking app has digitised banking experience as customers have the leverage of using the application different type of services.

The CFO added that the bank is advancing its service delivery strategy by ensuring uniform standards in their branches across the federation.

Mabawonku further stated that, with the recent cashless policy introduced by the CBN, Nigerians may need to adjust to digital banking as it is the way to go.