Wema Bank unveils payment platform for MSMEs | The Nation
As part of efforts to provide a new lease of life for micro, small and medium enterprises across the country, Wema Bank has launched ALATPay, a game-changing platform that offers a secure end-to-end shopping experience for customers and instant settlement for merchants, all via the merchant’s unique ALATPay link.
Revealing the big picture for ALATPay, Oluwole Ajimisinmi, Wema Bank’s Executive Director, Lagos Directorate, underscored the Bank’s drive for empowering businesses and providing viable solutions for them to thrive and scale.
“The bulk of the economy comprises small businesses so creating and providing solutions that will empower them to thrive, maintain optimal productivity and actively contribute to the economy, is the goal for us.
“ALATPay is the future, and we are proud to do yet another major one in the financial services industry, positioning Nigerian businesses to seamlessly acquire transactions worldwide.
“With ALATPay, customers are not just getting access to the payment gateway, they are getting a full SME Toolkit, trainings, exposure, loan and trading facilities, all in one. This is our way of further empowering Nigerian businesses for success,” he concluded.Related News
Highlighting the unique features of ALATPay, Wema Bank’s Divisional Head of Payment Business, Damola Bolodeoku, added: “A major value-added service that Wema Bank offers is the ability to collect payments in foreign currency. If a customer from the United States has picked items from a business’ storefront and paid with their USD Card, ALATPay allows the business to receive the payment directly in their USD Account in dollars. This is arguably a ‘first of its kind’ offering as most payment gateways only provide settlements in Naira. Once your business is on ALATPay, you’re able to start selling seamlessly, securely and internationally.
“The integration process on ALATPay is quite seamless and to maintain maximum security for both merchants and customers, we have fortified the platform with anti-fraud and money laundering tools to ensure that no bad players can access the platform.
” There is untapped potential in breaking boundaries for businesses and we are happy to pioneer this solution. ALATPay is not just a payment gateway, it is a comprehensive solution to promoting the growth and success of businesses in Nigeria and beyond.”
Attesting to the flawless user experience on ALATPay, Ndidiamaka Ruth, a Software Developer who was present at the launch event commented, “From the Developer’s perspective and as someone that has consumed a lot of APIs especially in the FinTech industry, ALATPay is very smooth and simple. The data structure is seamless, the time frame between when you process the payment and when you get a response to your call-back URL is literally milliseconds, I have tested it with other payment gateways. Another thing that stood out is the technical support, the support Team from ALATPay is so attentive and truly supportive. I didn’t need to go through series of email back and forth, the service was exceptional, the Team was kind and well informed; you could tell they knew their onions. Thank you, Wema Bank. ALATPay is going places.”
