Wema Bank Pioneers Nigeria’s First Licensed Banking App For Teenagers, ALAT XPLORE App

Wema Bank, Nigeria’s foremost innovative app and pioneer of Africa’s first fully digital bank, ALAT, is breaking new ground by pioneering yet another industry first; the ALAT Xplore App, Nigeria’s first licensed banking app for teenagers.

Set to officially launch on Saturday, October 26, 2024, the ALAT Xplore App has been released on the Google PlayStore and iOS App Store, giving teenagers the opportunity to test the app, explore its functionalities and leverage the unique range of solutions tailored to their needs as teenagers, ultimately equipping them with practical financial management prowess as they journey from childhood to adulthood.

With the ALAT Xplore App, finance management becomes more interesting for teenagers and interwoven into their lifestyles, giving them a head-start in their journey to financial success. The ALAT Xplore App features a seamless onboarding experience, offers savings goals that help Teens save towards specific targets, allows airtime and data purchases, incorporates widgets that allow teens customise the App’s interface based on their preferences and, going several steps further, allows teenagers access a debit card issued in their name.

The ALAT Xplore App is a trailblazer in the financial services industry and a gamechanger in personal finance management, restructuring the global standards for financial empowerment efforts and launching Nigeria onto the global stage for innovation.

Teenagers are encouraged to download the ALAT Xplore App on the PlayStore or App Store. To completely onboard, their parents must open an ALAT Xplore Account for them on the ALAT App, to approve their teenager’s use of the ALAT Xplore App.