DistantNews
Support us
๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Technology

Wema Bank deepens fintech partnerships to drive digital finance

From The Punch · () English

Summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • Wema Bank hosted a strategic engagement event for its fintech partners to foster collaboration in digital finance.
  • The bank reaffirmed its commitment to providing infrastructure and support for fintechs to scale and innovate.
  • Wema Bank processed over N18 trillion in transactions in the past year, highlighting its role in supporting Nigeria's digital economy.

Wema Bank Plc. is strengthening its position within Nigeria's fintech ecosystem by hosting a strategic engagement event for its partners. The gathering brought together founders, technology providers, and industry stakeholders to deepen collaboration and drive the growth of digital financial services.

The event served as a platform to celebrate existing relationships, acknowledge partner trust, and reinforce the collaborative efforts shaping the future of digital banking in Nigeria. Oluwole Ajimisinmi, Wema Bank's Deputy Managing Director, emphasized the bank's dedication to its partners, stating, "Our partners are not just customers; they are collaborators in building the future of financial services. We remain committed to providing the infrastructure, support, and continuous innovation required to help them scale and succeed."

Our partners are not just customers; they are collaborators in building the future of financial services. We remain committed to providing the infrastructure, support, and continuous innovation required to help them scale and succeed.

โ€” Oluwole AjimisinmiWema Bank's Deputy Managing Director speaking at the fintech engagement event.

Fintech partners present lauded Wema Bank for its initiative in fostering collaboration and creating a space for industry-wide dialogue. One partner remarked, "We should have more collaborative roundtables like this where we assess industry developments and jointly confront them." The session facilitated open discussions, allowing partners to share insights, identify emerging opportunities, and offer feedback crucial for the bank's product and innovation roadmap.

This engagement underscores Wema Bank's broader strategy to build robust infrastructure that enables fintech businesses to scale efficiently, enhance service delivery, and promote innovation across the financial services landscape. With a growing demand for seamless and scalable financial infrastructure, the bank continues to invest in its platforms and partnerships. In the last 12 months alone, Wema Bank processed over N18 trillion in transactions through its platforms, demonstrating the significant scale of its support for businesses and fintech operators. Its solutions, including virtual accounts and payment APIs, are integral to the operations of its growing network of partners.

We should have more collaborative roundtables like this where we assess industry developments and jointly confront them.

โ€” A fintech partnerCommenting on the value of Wema Bank's collaborative event.
DistantNews Editorial

Originally published by The Punch. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.