One month after launching Season 5 of its flagship 5 for 5 Rewards campaign, Wema Bank has rewarded 273 customers with a total of ₦17.96 million, demonstrating the strong early impact of its refreshed customer rewards platform and reinforcing its commitment to rewarding everyday banking.

Launched on May 2, 2026, as part of the Bank’s 81st anniversary celebration, this season of the campaign introduced a more structured and inclusive rewards framework designed to encourage positive financial habits while recognising customer loyalty across the Youth, Women and Mass Market segments.

The season opened with a special anniversary activation at Ikeja City Mall, where 81 customers received ₦81,000 each, resulting in ₦6.56 million in rewards on launch day. Since then, the campaign has continued to reward customers through daily and monthly draws, with an additional 192 winners emerging within the first month.

Across the Youth segment, 37 students have received rewards worth ₦4.4 million, including 20 students who received ₦50,000 PocketMoni rewards and 17 university students who received ₦200,000 each in Tuition Support.

The Women segment also recorded strong participation, with 12 customers receiving ₦150,000 each through the #SelfCare category, while the Mass Market segment recorded the highest number of winners. Within the first month, 120 customers received daily cash rewards, and 23 customers won ₦200,000 each in the monthly draw, bringing total rewards in the category to ₦5.2 million.

Commenting on the campaign’s early impact, Wema Bank’s Managing Director and Chief Executive Officer, Moruf Oseni, said, “At Wema Bank, we believe loyalty should be rewarded in ways that are meaningful, transparent and accessible. The response to Season 5 of the 5 for 5 Rewards campaign has been encouraging, and seeing hundreds of customers benefit within just one month reinforces our belief that everyday banking should create everyday opportunities.

Beyond rewarding transactions, we are encouraging positive financial habits while delivering real value to our customers. He added, “This is only the beginning. With more reward categories, more winners and more opportunities still ahead, we remain committed to creating meaningful impact for our customers and ensuring more Nigerians experience the value of banking with Wema.”

Customers can participate by opening or reactivating a Wema Bank account, funding it with a minimum of ₦5,000, maintaining an average monthly balance of ₦5,000, and completing at least five transactions every month using the ALAT app, Wema or ALAT cards, or *945#.

With over ₦170 million earmarked for rewards between May and December 2026, thousands more customers are expected to benefit as the campaign continues, reaffirming Wema Bank’s commitment to rewarding loyalty, promoting positive financial behaviour and delivering value beyond banking.

Africa’s global bank, United Bank for Africa (UBA) Plc, has been named the winner of the African category at the 2026 Banker Technology Awards, recognised for its innovations in digital payments, e-business, and the use of artificial intelligence to drive seamless cross-border banking across more than 20 African markets.

The Banker Technology Awards received close to 200 submissions across 17 regional and product categories this year, with the cohort of winners reflecting a broad shift in how financial institutions are deploying technology as infrastructure embedded across payments, compliance, lending, and customer engagement.

In its assessment of UBA’s winning entry, The Banker noted that “the bank has cemented its status as a leading digital operator by placing technology at the centre of its growth strategy across more than 20 countries, with this approach most visible in its work on cross-border transfers, spanning digital payments, AI-driven engagement, and e-business”

UBA’s recognition centres on integrating Leo, its AI-powered chatbot, with the Pan-African Payment and Settlement System (PAPSS), enabling customers to send funds across borders in local currencies via a conversational interface.

UBA’s Executive Director Designate, Digital Banking, Emmanuel Lamptey, who received the award on behalf of the bank, emphasised the bank’s aim to fully digitise banking across the entire continent

“Africa’s financial future will not be built on branches or borders. It will be built on intelligence, interoperability, and trust at scale,” Lamptey said.

He added that the bank’s investment in Leo was a direct response to the cost and friction that has long defined cross-border payments on the continent. “Across a continent where cross-border transfers have historically been slow and costly, Leo reduces friction at the point of transaction, removing reliance on traditional banking channels without requiring customers to change how they communicate,” Lamptey said.

Alongside the award, UBA has relaunched its RedApp mobile banking platform following a comprehensive upgrade. The revamped application is designed to deliver a faster, more intuitive digital banking experience for customers across the bank’s markets, and can be downloaded at https://on.ubagroup.com/redapp.

Speaking on the relaunch, UBA’s Group Head, Brand, Marketing and Corporate Communications, Alero Ladipo, said the upgraded RedApp marks a new chapter in how the bank serves its customers digitally.

“At UBA, we are constantly raising the bar on what digital banking should feel like. The new RedApp is faster, cleaner, and built around how our customers actually live and bank. Whether you are managing your finances, making transfers, or accessing new features, the experience is now sharper than ever. We invite all our customers to download the upgraded app today on the Google Play Store for Android and the Apple App Store for iPhone,” Ladipo said.

Customers can download the upgraded RedApp now at https://on.ubagroup.com/redapp.

United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees group-wide and serving over 45 million customers globally. Operating in twenty African countries, the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting-edge technology