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Friday, January 20, 2017

WEMA Bank Launch Solar Powered "Bank On Wheels" Branch!!!

Wema bank, Nigeria has launched a mobile branch of its bank (say what?!) and it is the first of its kind in the country!

The struggle of banking for people in the rural areas is definitely reduced by this innovative development by the bank.

No more bother over the cost of reaching the nearest branch, transportation cost from rural areas to cities where bank branches are etc

image credit: Information Nigeria

Wema bank knowing that installing ATMs in villages where electricity is unreliable is problematic. therefore prompting the bank to come up with this cool innovative solution.
The mobile bank branches are powered by solar energy and the objective is to make banking services available to everyone in all parts of the country, especially in underserved markets.

Quoting Wema Bank’s head of e-business, Mr. Damola Bolodeoku:

“At Wema Bank, we are committed to making banking as convenient as it can be for our customers, and we achieve this using technology, while adhering to global best practices.

Being an environmentally responsible company, our mobile branch is powered by solar energy – a first in the Nigeria’s banking industry. “

Their mobile branch is aptly named “Wema Bank on Wheels.”, with  new truck also fitted with two automated teller machines (ATM) for cash withdrawals.

Wema bank should be applauded for this cool and very welcome innovative idea at banking problem solving for rura areas,

What do you think of Wema's "Bank On Wheels"?

Image Credit: Information Nigeria

I am not sure how many have been deployed so far, but this is definitely a welcome development.
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Let us know what you think!

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