New On ALAT: Loans, Virtual Dollar Card And More

January 29, 2018

Today is a good day.

It’s the 29th of January: the longest month ever is almost over. Also, we have a massive ALAT update we’re proud to share with you.

The latest version of ALAT (called Version 2.4), which is now available on Google Play and the Apple App Store, is our most important update since we launched in May last year.

Why’s that?

First, we’ve added loans to the number of things ALAT can help you with. This means that from today, you can request a short-term loan of up to 100,000 naira. You’ll get a loan offer moments after requesting. It’s perfect for days you’re short on cash (which can happen to almost anyone) and need a quick fix.

To request a loan, tap Loans on your updated app’s sidebar menu.

Second, there’s the ALAT Virtual Dollar Card. This card doesn’t come in the usual plastic form. Instead, it resides on your app in digital form and we expect you to use it whenever you need to pay online in dollars.

Your virtual dollar card converts naira from your ALAT account into dollars at the current bank rate, taking away the stress of changing naira to dollars and then depositing the foreign currency in a domiciliary account.

Like your familiar plastic debit card, you’ll get the usual details (card name, card number, an expiry date and a three-digit CVV number) and you can use these details to pay wherever dollar cards are accepted online. Your first virtual card is free, but you will be required to pay the standard monthly card maintenance fee.

Tap Cards on the sidebar menu to create your virtual dollar card.

Along with these two major features, we’ve also added a new Fund My Account function that lets you connect your other Nigerian bank accounts to your profile so you can move money to your ALAT account easily.

Tap Fund Account on your app’s dashboard to try out this feature.

Finally, there’s the very useful Card Status Tracker for keeping tabs on your ALAT debit card orders from request to delivery. From your ALAT app, you’ll know when your card has been printed and when it’s on its way to you. No questions asked.

We’re looking forward to hearing about your new ALAT experience! Please, update your app now, test it out and tell us what you think by email or on social media.

And if, for some strange reason, you’re not on ALAT, sign up here right away! We’re all waiting for you.

Thank you and have an amazing week.

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