ALAT

ALAT is Wema Bank’s digital brand, not a mysterious EMI. NDIC follows Wema. Score it as a naira current account. Kuda is the other Nigerian digital-bank search; the licence lines differ — read both.

ALAT by Wema launched in 2017 as ‘Africa’s first fully digital bank’. The deposit sits at Wema Bank Plc, a CBN-licensed commercial bank. That is the file. The app is the skin.

ALAT lists Digital bank product of Wema Bank Plc under Central Bank of Nigeria in Nigeria. On safeguarding we currently write: NDIC on eligible deposits at Wema Bank Plc — ALAT is the app, Wema is the bank. Holder / issuer line: Wema Bank Plc. An AML programme is claimed. There is no IBAN-class local rail on the flags we store. We list 1 live markets on the product. As we score the sticker: monthly Digital SKU — confirm live; FX Naira product; dollar card is a separate tariff if issued; ATM Wema / network. This desk would open it for: Nigerians who want a CBN-bank deposit with an app, and will read ‘Wema’ on the statement.

What it does well: Named bank (Wema); NDIC path is the parent; First-mover digital brand. What to watch: App ratings are mixed; Not a separate CBN digital-bank licence in the new class; Support load. Desk score 6.8 / 10 (safety 7.6, fees 7.8, features 7.2, app 7.4). Last verified 2026-08-28. Headquartered in Lagos, Nigeria; founded 2017. None of this is advice — it is a file so you can read the entity before the card colour.