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Solar Technology: WEMA Bank Is the First Nigerian Bank to Launch a Mobile Branch Powered by Solar.

For many villagers in the rural areas of Nigeria, personal banking is pricey in ways you can never imagine.

First, you have to consider the cost of reaching the nearest branch, then the cost of transporting yourself there — this usually takes up a day’s labor. For the banks, installing ATMs in villages without reliable electricity is problematic. This is why WEMA bank has taken on the challenge by creating mobile branches that are powered by solar, making them the first Nigerian bank to do so.  Their objective is to make banking services available to everyone in all parts of the country, especially in underserved markets.

Image Credit: Information Nigeria

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

“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.” The new truck is also fitted with two automated teller machines (ATM).

Image Credit: Information Nigeria

I am not sure how many have been deployed so far, but this is definitely a welcome development.

Image source: Information Nigeria

 

Creating history... One review at a time.

    12 comments on “Solar Technology: WEMA Bank Is the First Nigerian Bank to Launch a Mobile Branch Powered by Solar.

    1. Nice implementation.other banks should copy and paste ASAP. For ur live traffic updates visit http://www.trafficator.ng

    2. Yomi says:

      This is really impressive WEMA bank. Like you rightly said Tobi, this type of innovation should be targetted at rural areas because they need it more than those who reside in the city.

    3. pWilliams says:

      A very nice development…..other banks really need to follow suit

    4. KingAbsolute says:

      Wonderful innovation from WEMA, other banks should swallow their pride and emulate this.

      But security is key to make this work, you can’t carry ATM machine around without attracting hoodlums. Unless they have plans for this.

    5. ỌBÁDÁRÀ says:

      …WEL, I HAVE TO SAY – WOW! TO THIS. IF THEY ARE REALLY GOING TO PUSH THIS INTO THE RURAL AREAS, THEY WILL WIN MORE HEARYS AND CLAIM MORE PROFITS. I STILL REMEMBER A MEMBER OF THE HOUSE OF REP SAYING IT ON THE FLOOR OD THE GREEN CHAMBER THAT THERE IS NO SINGLE BANK OF WHATEVER TYPE OR NATURE IN HIS WHOLE FEDERAL CONSTITUENCY…

    6. Ademola says:

      Good One by WEMA Bank, they are not the first to come up with this thou,…. If you served in Lagos for NYSC, am sure you have seen this before. But they happen to be the first people publicizing it, Its considered innovation for them….. Every business is becoming more competitive now, They better wakeup and learn from their mate (UNION BANK) too

      1. Kemi Oguntayo says:

        Is the one you saw in lagos caMP powered by solar? Cos I served there too and it wasn’t

        1. Ademola says:

          Ok… I missed that

    7. Rotimi popoola says:

      Hmmmn this is nice

    8. iHarrie says:

      Its really nice, well so are the consequences, they just saved the muggers a whole lot of planning, and brought the money to them…
      #JustSaying
      Cherrio

    9. Northerner says:

      And somehow i find it uneasy seeing how you used abokis clapping hands, literally signifying how retarded ‘some abokis’ are which is kinda racist, Nigerian wise.

      Misstechy, I overrated you. .. And i am hurt to a level by this.

      1. Tobi Ayeni says:

        Trust me, your thought process behind this is totally different from mine. And these guys don’t look like abokis to me.

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