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INTRODUCING ALAT XPLORE APP: NIGERIA’S FIRST LICENSED BANKING APP FOR TEENAGERS

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In today’s world, financial literacy has become an essential life skill, particularly for the younger generation. Recognising this need, Wema Bank—Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT—proudly introduces the ALAT XPLORE App, Nigeria’s first licensed banking app specifically designed for teenagers aged 13 to 17.The ALAT Xplore App empowers young individuals to take control of their finances while acquiring vital money management skills. ALAT XPLORE is not just another banking app; it is a comprehensive financial tool that seamlessly combines education, engagement, and empowerment for teenagers’ financial success. With a user-friendly interface and interactive features, the ALAT Xplore app provides teenagers with a unique opportunity to learn about banking, saving, and spending in a safe and controlled environment, as they journey towards the realities of adulthood.The App encourages teens to explore intelligently, providing seamless navigation across its various functionalities and offering teens the chance to customise the App based on their preferences and request one of three unique debit card designs. The ALAT Xplore Cards are issued in the teenager’s name, fostering a sense of ownership, pride and independence that simultaneously instills a sense of responsibility in them as they learn to manage their spending. To request for your ALAT Xplore Debit Card, click here.One of the standout functionalities of the ALAT XPLORE App is the goal-setting feature. Teens can set savings goals on the App—whether it’s saving for a new gadget, planning a fun outing, or even making a charitable donation. They can track their progress, seamlessly on the App, making the saving process exciting and rewarding for them.To ensure financial security for the teenagers, the ALAT Xplore App works hand in hand with the ALAT App, allowing parents to guide their children in making informed financial decisions. Teens can easily request money from their parents or guardians in a few clicks on the App, while parents grant the requests and can track their teens’ expenses on the ALAT Xplore App, via the ALAT App. This not only promotes healthy conversations regarding budgeting and financial goals, but also ensures that teenagers can explore financial opportunities with maximum security.Here’s how the ALAT Xplore App works:- The Parent or guardian opens an ALAT App Account for their teenager on the ALAT app.- ⁠The teenager downloads the ALAT Xplore App, fills in the required information and sends a link to the parent/guardian requesting permission to use the ALAT Xplore App.- ⁠The parent/guardian grants the permission via the ALAT App.- ⁠Once approved, the teenager can login at anytime, request an ALAT Xplore Debit Card, set up Savings Goals and explore all the unique features on the App, on their phone.As the first licensed banking app for teenagers in Nigeria, the ALAT XPLORE App powered by Wema Bank is set to revolutionise how teenagers approach money management towards building more financially responsible adults.The ALAT Xplore App officially launches on Saturday, October 26, 2024. However, teenagers can click here to download the ALAT Xplore App now on PlayStore or AppStore, to start exploring the innovative App.Want to attend to virtual launch event, click here to register.

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Business and Brand

Systegra Technologies Ltd collaborates with Amdocs to offer best in class mobile services to the Nigerian Market

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Lagos, Nigeria – February 5, 2025 – Systegra Technologies Ltd, a subsidiary of Interswitch Group, holds a license issued by the Nigerian Communications Commission (NCC) as a Tier-5 Mobile Virtual Network Enabler (MVNE). Systegra Technologies will enable Tier 1, 2, and 3 Mobile Virtual Network Operators (MVNOs) to offer their mobile services, enriching Nigeria’s fast-growing mobile market with a diverse portfolio of products, services, and offers.As an MVNE, Systegra Technologies will utilize the Radio Access Networks (RAN) of leading mobile operators, while deploying its own advanced Switching and Business Support Systems (BSS), including an Online Charging System (OCS). This setup enables prospective MVNOs to connect and launch their services effortlessly within weeks, offering flexible services without the need for heavy infrastructure investment.To deliver 3G, 4G, and 5G connectivity to its MVNO customers, Systegra Technologies has collaborated with Amdocs to implement their ConnectX platform in Nigeria. This cutting-edge solution encompasses Business Support Systems (BSS), OCS, CRM, payment systems, and a B2B app store, all built on a local cloud-native microservices solution hosted by Amazon Web Services (AWS). With over 50 TM Forum compliant APIs, ConnectX platform ensures seamless integration, operational efficiency, and scalability, supporting Nigeria’s fast-growing MVNO market while adhering to the latest industry standards.“After evaluating numerous vendors with excellent solutions, Amdocs convinced us with their multi-tenant capabilities, ease of connection, ultimate flexibility, and rapid time-to-market,” said Mitchell Elegbe – Group Managing Director and Chief Executive Officer at Interswitch Group. “Their ConnectX platform aligns perfectly with our vision to provide MVNOs and end-users with an unmatched digital experience.””We are committed to supporting Systegra Technologies’ growth and digital-first flexibility goals,” said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. “Our SaaS ConnectX platform dynamically scales to meet customer demand, and allows nearly limitless flexibility for the creation of innovative services, empowering Systegra Technologies to focus on expanding its business without traditional IT operational overhead.”“At Systegra Technologies, we are committed to driving innovation that makes a tangible difference in people’s lives,” opined Jonah Adams – Managing Director, Systegra Technologies. This collaboration with Amdocs strengthens our position as a key enabler in Nigeria’s evolving telecoms ecosystem, ensuring that mobile users benefit from more choices, better services, and seamless connectivity.”This initiative aligns with the NCC’s vision of fostering innovation and competition within Nigeria’s telecommunications sector. Systegra Technologies is set to launch new 3G, 4G, 5G and IoT services soon, contributing to the nation’s digital transformation and offering customers enhanced connectivity options.

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First Trustees to Host 7th Annual Islamic Estate Planning Clinic

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First Trustees Limited , a subsidiary of FBN Holdings Plc. and a leading provider of bespoke trust solutions for individuals, corporate entities, and government organisations, is pleased to announce its 7th Islamic Estate Planning Clinic, scheduled to take place on 15 February, 2025, in Abuja.This year’s clinic, themed Wealth Transfer: Ensuring Seamless Equity and Clarity, aims to provide comprehensive insights into the principles of estate planning within the framework of Islamic law. The event is designed to educate the Muslim community on the importance of proper estate planning, ensuring the fair and just distribution of assets in accordance with Sharia principles.The clinic will be held in collaboration with the Metropolitan Law Firm and will feature a distinguished panel of speakers from both the Islamic and legal sectors. Among the experts set to address attendees are Professor Dogarawa, a Lecturer at Ahmadu Bello University, Zaria; Ustadh Abubakar Muhammad Sadiq, Amir of 1 Ummah; Abdullahi Abubakar Lamido, Chairman of the Zakkah and Waqf Foundation; Ummahani Amin, Managing Partner at Metropolitan Law Firm; and Mutiat Olatunji, Private Trust Specialist at First Trustees Limited.In addition to discussions on Islamic estate planning, First Trustees will provide valuable perspectives on managing conventional estate plans, with an emphasis on safeguarding and preserving legacies for future generations.The event promises to be an essential platform for individuals and organizations seeking to deepen their understanding of estate planning while ensuring the equitable and transparent transfer of wealth in line with both Islamic and conventional legal frameworks.

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Interswitch Qcon: Redefining Software Engineering Excellence in Nigeria

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Lagos, Nigeria; January 27, 2024 – Interswitch Group, one of Africa’s leading integrated payments and digital commerce companies, recently put together the maiden edition of its startup innovation mixer, which took place at the Interswitch Innovation Hub at the company’s Lagos HQ.Themed “Unlocking Synergies between Startups and Established Corporates,” the event took place on January 24, 2025 and attracted a cross-section of stakeholders across the broader tech, fintech and payments industries, including Interswitch Alumni.This Innovation Mixer was conceptualized by Interswitch to bridge the gap between startups and established businesses and the program is designed to provide a periodically sustainable platform for stakeholders across the tech ecosystem to collaborate, share ideas, and forge partnerships, progressively bringing together a vibrant mix of innovators, tech enthusiasts, investors, and industry leaders for an evening of transformative solutions and networking.Highlighting the significance of the event, Adaobi Okerekeocha, Chief Innovation Officer, Interswitch, noted that partnership remains central to driving innovation within Africa’s tech ecosystem. She expressed optimism about the mixer’s potential to generate lasting impact, saying:”At Interswitch, we believe collaboration is the bedrock of innovation. As the tech and innovation landscape in Nigeria and across Africa continues to evolve, its immense and untapped potential calls for platforms like this to unlock new possibilities.Our Startup Mixer series represents a pivotal step toward building a vibrant community where startups and established corporates can exchange ideas, explore opportunities, and forge synergies that drive impactful solutions.”Last Friday’s event featured panel discussions, including that moderated by Akeem Hassan, Technical Adviser to the Honourable Commissioner, Ministry of Innovation, Science, and Technology, Lagos State Government. Panelists on the line-up at the event included Ireayo Oladunjoye, Managing Director, Endeavor Nigeria represented by  Esther Otusanya, Selection and Growth Manager, Endeavor Nigeria; Linda Ochugbua, Digital Sales Manager, BusinessDay; and Olapeju Nwanganga, Founder, Pepcode, and collectively, they delved into salient themes, exploring practical ways to strengthen collaboration between startups and established corporates.Participants at the event contributed to stimulating discussions, which afforded meaningful networking opportunities as well as a tour of Interswitch’s brand new Innovation and Ventures Labs and co-working spaces available to Interswitch partners and startup companies. The mixer also included a session in which Interswitch’s Innovation Team shared inspiring success stories, and examples of transformative partnerships championed by Africa’s pioneer tech/payments unicorn, which are shaping the future of Nigeria’s tech ecosystem and driving innovation across Africa.By hosting this event, Interswitch reaffirms its unwavering commitment to nurturing innovation and fostering partnerships that drive growth within Nigeria’s tech ecosystem and beyond.Interswitch is a leading technology-driven company focused on the digitization of payments and commerce across Africa. Founded in Nigeria in 2002, Interswitch disrupted the traditional cash-based payments value chain in Nigeria by supporting the introduction of electronic payments processing and switching services, and also launched Verve, Africa’s premier and leading domestic EMV-standard chip and pin payments card scheme.Today, Interswitch is a leading player with critical mass across Africa’s developing financial ecosystem and is active across the payments value chain, providing a full suite of omni-channel payment solutions. Interswitch’s vision is to make payments a seamless part of everyday life in Africa, and its mission is to create transaction solutions that enable individuals and communities to prosper across Africa. Interswitch’s broad network and robust payments platform have been instrumental to the development of the Nigerian payments ecosystem and provide Interswitch with the infrastructure to expand across Africa. See more at www.interswitchgroup.com

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