Wema Bank Plc has launched the ALAT Xplore App, a revolutionary mobile banking application designed to empower teenagers aged 13-17 with financial resources and opportunities.
The ALAT Xplore App boasts an array of engaging, educative, and innovative features that make finance management more interesting for teenagers. These features include a seamless onboarding experience, savings goals, airtime and data purchases, and customizable widgets.
Built with a unique parental-control framework, the app allows teenagers to manage their finances while parents supervise and control access.
According to Moruf Oseni, MD/CEO of Wema Bank, inculcating financial literacy from an early age is crucial for producing financially responsible adults.
“Teenagers stand at a confluence between childhood and adulthood, teenage years have the capacity to steer the course of adulthood, and it is important that we leverage this pivotal phase to steer teens in the right direction.
“We had created the ALAT Xplore Account to help parents and guardians build a solid financial foundation for their teens, and the results have been impressive so far.
“However, we identified an equally important need for these teens to become involved in this journey to financial success, hence the launch of the ALAT Xplore App. The goal is to build more financially responsible adults from the point of being teens,” he said.
Oseni expressed excitement about launching teenagers into a world of financial possibilities through the ALAT Xplore App. He described the app as a game-changer in Nigeria’s banking industry, ushering in a new era of financial inclusion for teenagers.
Notably, the ALAT Xplore App is Nigeria’s first licensed banking app for teenagers. Accessible worldwide, teenagers can onboard with parental consent. The app also offers customizable debit cards issued in the teenager’s name, providing an exciting opportunity for ownership and financial exploration.
Key Features include a Seamless onboarding experience, Savings goals with interest earnings, Airtime and data purchases, Customizable widgets, Parental-control framework, Accessible worldwide and Customizable debit cards
For more information, visit the PlayStore or App Store to download the ALAT Xplore App.
Read Also: FCMB Agritech Hackathon: Innovative AI Startup Emerges Winner
