Nigeria’s digital finance sector reached a new milestone as PalmPay, in partnership with Wema Bank, executed the first live transaction on the Nigeria Inter-bank Settlement System (NIBSS) National Payment Stack (NPS). The historic transaction, recorded at 11:56 a.m. on Friday, November 7, 2025, underscores the country’s growing role in Africa’s […]
wema bank
Moruf Oseni’s Wema Bank faced N8.067 billion in court cases as of September 2023, coupled with a loss of N239.920 million due to fraud and burglary during the nine-month period ending September 2023. The recently released financial statement to the Nigerian Exchange Group unveiled these challenges. However, the […]
On his part, Executive Director of Retail and Digital Business, Wema Bank, Tunde Mabawonku, said the innovation would empower the bank’s clientele to embrace a wider Enza’s innovative Payment Orchestration will enable Wema Bank to provide secure and reliable payment options at a reduced cost. Enza, a new disruptor in […]