Boasting both physical and contactless payment options, the MSME collection and payment suite includes ALAT For Business, NQR, ALATPay, MyBusiness Card and the Wema POS machine.
ALAT For Business [AFB] is the Bank’s digital App made exclusively for business owners. While customers use ALAT to pay merchants, these merchants use AFB for bulk payments. On AFB, business owners can make payment to 5,000 beneficiaries in one transaction, optimise salary payments, invoice discounting, cashflow analysis, Form Q Initiation, and even FX transactions.
ALATPay on the other hand, is a payment gateway website on that allows seamless payments with instant confirmation for both customers and business owners. Wema NQR provides “scan-to-pay” options for faster contactless payments via QR Code.
