Enza’s revolutionary Payment Orchestration is set to empower Wema Bank with the ability to offer secure and dependable payment solutions, all while reducing operational costs.
In a groundbreaking development, Enza, a highly acclaimed disruptor in the African payments sector, has unveiled a strategic partnership with Wema Bank, known for its innovation in Nigeria’s banking landscape.
This collaboration will see Enza employ its cutting-edge payment orchestration solution to expand Wema Bank’s e-commerce payment capabilities, leading to an elevated merchant service quality, heightened payment security, improved service reliability, and a substantial reduction in operational expenses through optimized transactions.
Wema Bank, renowned for its progressive mindset and dedication to innovation, will harness the power of Enza’s payment orchestration prowess to enrich its existing e-commerce payment services.
As the pioneer of Africa’s premier fully digital bank, ALAT, and one of Nigeria’s most esteemed financial institutions, Wema Bank is advancing its digital transformation journey with this alliance, solidifying its position as a frontrunner in revolutionizing payment practices in Nigeria.
The Enza payment orchestration service promises an array of advantages for Wema’s business customers and individuals alike.
Merchants will enjoy an enhanced suite of payment processing features, enabling them to accept an extensive array of payment methods, spanning payment cards, e-wallets, and more.
The optimized and robust payment processes will ensure swift and seamless transactions, thus enhancing the overall customer experience for both payers and recipients.
Enza has been making waves in the industry since its emergence in the latter part of the previous year.
“Our mission is to simplify payments across the region, thereby enabling seamless and secure transactions across the Middle East and Africa,” said Hany Fekry, the CEO of Enza. “This new partnership with a premier Nigerian bank further accelerates our progress towards that goal.”
The Executive Director of Retail and Digital Business at Wema Bank, Tunde Mabawonku, explains that this innovation is designed to empower the bank’s customers by offering them a broader range of payment options, including various payment cards and e-wallets.
He believes that these streamlined and resilient payment processes will ensure quick and seamless transactions, ultimately enhancing the overall customer experience for both those making payments and those receiving them.
The Divisional Head of Payment Business at Wema Bank, Damola Bolodeoku, highlighted the synergy between this partnership and the bank’s overarching commitment to consistent innovation and improving their services.
Bolodeoku affirms, “As an establishment that takes pride in its role as a digital frontrunner within the banking sector, we are enthralled to synergize with enza Group to introduce a revolutionary e-commerce payment gateway solution.
Through this synergy, we ardently anticipate amplifying our e-commerce payment capacities and delivering heightened value to our customers through all avenues.”
In an area characterized by swift advancements in digital payment technologies, this collaboration offers Enza and Wema Bank an opportunity to reshape the e-commerce payment sector.
The financial institution and its clientele stand to gain from heightened security, exceptional service dependability, and notably decreased expenses.