Wema Bank is set to unveil a revolutionary banking product which is the first licensed mobile banking app for teenagers, ALAT Xplore App.
According to a statement from the bank, the ALAT Xplore Account is dedicated banking product designed for teenagers aged 13-17. This Account helps parents and guardians save towards their teenagers’ immediate and long-term needs, with additional interest rate on savings.
“We are thrilled to unveil the ALAT Xplore App by Wema, Nigeria’s first licensed mobile banking app for teenagers; set to launch on Saturday, October 26, 2024!
“The ALAT Xplore Account is our dedicated banking product designed for teenagers aged 13-17. This Account helps parents and guardians save towards their teenagers’ immediate and long-term needs, with additional interest rate on savings.
“With the launch of ALAT Xplore App, teenagers can now join their parents in building a financially secure future from as early as teenage years!
“ALAT Xplore App is designed to help teenagers transition smoothly from childhood to adulthood, offering them a world of unique opportunities and solutions tailored to their growth and success.
“With ALAT Xplore App, teens will get access to debit cards issued in their name, savings goals and other featured curated to help them become financially responsible.
“ALAT Xplore App promises to be a gamechanger and every teenager from 13 to 17 years old can download the App on the Google PlayStore or App Store, onboard with approval from their parents or guardian via ALAT and explore the exciting range of solutions available”.
