Using the merchant’s unique ALATPay link, Wema Bank has formally launched ALATPay, a game-changing platform that offers a safe end-to-end shopping experience for consumers and instant settlement for merchants, as part of initiatives to give micro, small and medium businesses all around the country new lease of life.
Recently, Lagos hosted the launch ceremony. Revealing the whole picture for ALATPay,
Lagos Directorate Executive Director Oluwole Ajimisinmi from Wema Bank highlighted the Bank’s initiative for enabling companies and offering workable solutions for them to grow and flourish. “The bulk of the economy consists small enterprises thus designing and providing solutions that will empower them to prosper, maintain optimal productivity and actively contribute to the economy, is the goal for us.
ALATPay is the future, and we are honoured to complete yet another significant transaction in the financial services sector, thereby enabling Nigerian companies to easily obtain transactions all around.
Customers of ALATPay are obtaining a complete SME Toolkit, training, exposure, loan and trading tools, all in one, not only access to the payment gateway. This is our means of further enabling Nigerian companies for success, he said. While stressing the special qualities of ALATPay,
Wema Bank’s Divisional Head of Payment Business, Damola Bolodeoku, said, “A major value-added service that Wema Bank offers is the capacity to collect payments in foreign currencies. ALATPay lets a US client who has selected goods from a shopfront pay with their USD Card straight into their USD Account in US currency. Given most payment gateways only offer Naira settlements, this is perhaps a “first of its kind” offering.
Once your company is on ALATPay, you may start selling abroad, safely, and effortlessly. We have strengthened the platform with anti-fraud and money laundering capabilities to ensure that no bad players may access the platform, so maintaining optimum security for merchants and consumers.
The integration process on ALATPay is pretty seamless. We are glad to lead this solution since there is unrealised potential in stretching limits for companies. ALATPay is a complete solution to help companies in Nigeria and abroad flourish, not only a payment gateway.
Attesting to the perfect user experience on ALATPay, Ndidiamaka Ruth, a Software Developer present at the launch event said, “From the Developer’s perspective and as someone that has consumed a lot of APIs especially in the FinTech business, ALATPay is really smooth and simple. I have tested the data structure with various payment gateways; it is flawless; the time interval between processing the payment and receiving a response to your call-back URL is practically milliseconds.
“Also noteworthy is the technical assistance; the ALATPay support team is quite focused and genuinely helpful. The service was first-rate; the Team was friendly and well-informed; you could see they knew their onions; I did not have to go through a sequence of emails back and forth. I appreciate it, Wema Bank. ALATPay is spreading throughout.
Further attesting to the platform’s efficacy, Femi Adeko, CEO Belazeel Solutions UK and BeatQ Technologies Nigeria, urged companies to use ALATPay for easy payment collecting since, as he said, ALATPay has been crucial in the growth of his company in Nigeria.
