Wema Bank deepens collaboration with Fintech partners, processes over ₦18tr in one year

Mercy Iheoma Ihedigbo

Wema Bank has reaffirmed its commitment to strengthening Nigeria’s rapidly expanding financial technology (fintech) ecosystem through a strategic engagement with key industry players, underscoring its role as a leading enabler of innovation and digital financial services in the country.

The engagement brought together fintech founders, technology partners, payment service providers, and other major stakeholders in the digital finance space for an evening of collaboration, networking, and strategic discussions aimed at fostering stronger partnerships and driving the next phase of innovation in Nigeria’s financial sector.

The initiative reflects Wema Bank’s long-term vision of providing the technology infrastructure and strategic support required for fintech companies to scale their operations, improve service delivery, and contribute significantly to the nation’s digital economy.

Recognising the increasing demand for secure, seamless, and scalable financial infrastructure, the bank said it has continued to strengthen its technology platforms and expand partnerships that enable fintech operators to deliver efficient services to millions of Nigerians.

A major highlight of the engagement was the revelation that Wema Bank processed more than ₦18 trillion in transactions through its digital platforms over the last 12 months, demonstrating the scale of its support for fintech businesses and digital payment operators across the country.

The bank noted that its range of digital solutions, including virtual accounts, payment Application Programming Interfaces (APIs), and other innovative payment infrastructure, has continued to power collections, disbursements, and real-time transaction monitoring for an expanding network of fintech partners.

Speaking during the event, the Deputy Managing Director of Wema Bank, Oluwole Ajimisinmi, described fintech partners as critical collaborators in transforming Nigeria’s financial services landscape.

According to him, the bank remains committed to investing in technology, innovation, and reliable infrastructure that will enable fintech companies to grow sustainably while delivering excellent customer experiences.

“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,” Ajimisinmi stated.

He emphasised that collaboration between traditional financial institutions and fintech companies remains essential for expanding financial inclusion, accelerating digital payment adoption, and supporting economic growth.

The engagement also provided participants with an opportunity to exchange ideas, discuss emerging industry trends, identify new business opportunities, and offer valuable feedback that will shape Wema Bank’s future product development and innovation strategy.

Industry stakeholders commended the initiative, describing it as a timely platform for strengthening relationships between banks and fintech operators while encouraging knowledge sharing and collaborative problem-solving.

As Nigeria’s oldest indigenous bank and one of the country’s foremost pioneers in digital banking innovation, Wema Bank has consistently positioned itself at the forefront of technological advancement in the financial sector.

Through sustained investments in digital infrastructure, strategic partnerships, and customer-centric innovation, the bank continues to play a pivotal role in supporting fintech growth, promoting financial inclusion, and contributing to the development of Nigeria’s digital economy.

The latest engagement further reinforces Wema Bank’s reputation as a trusted financial partner committed to creating an enabling environment where fintech businesses can thrive while delivering innovative solutions that meet the evolving needs of individuals, businesses, and the wider economy.