By Lawani Mikairu

Bankit Microfinance Bank has announced its transition to WayvePay.
Speaking about the transition in Lagos, Head of Corporate Communications and Marketing, Kingsley Ezenwa, said the transition officially takes effect from today, September 18, 2026, marking the beginning of a new chapter for the platform and its customers.
While customers will experience a new name, identity and enhanced digital banking under its new positioning, “WayvePay — Banking & Beyond,” the platform builds on the foundation established by Bankit while introducing enhanced technology, improved functionality and additional channels for everyday banking, payments, savings and money management.

Ezenwa also said the new identity reflects the bank’s ambition to create a more comprehensive digital financial platform. “WayvePay is more than a new name. It represents the next stage of our evolution and what we believe digital banking should offer customers going forward.
” We are building on the foundation established by Bankit while introducing smarter technology, improved functionality, enhanced security and a more seamless banking and payments experience.” He also revealed that ” commitment to our customers remains the same, but our ambition is bigger. With WayvePay, we are creating a platform that goes beyond traditional banking to help individuals and businesses save smarter, move money faster, make payments more conveniently, and manage their financial lives with greater confidence.

“The change also comes with attractive savings options designed to encourage customers to save more consistently and make their money work harder, alongside convenient transfers, digital payments, cards and business banking services.
“WayvePay is also enhancing its transaction experience to make transfers, payments and card usage faster and smoother. Improvements to the mobile application, including multiple theme options, in-app banners and notifications, will provide customers with a more personalised and engaging digital banking experience.

” The bank is introducing AI-powered customer support to provide faster assistance with common banking enquiries, onboarding challenges and routine transaction issues, with more complex or sensitive matters escalated to authorised support personnel.
“WayvePay is also deploying AI-enhanced security and intelligent monitoring capabilities designed to identify unusual transaction patterns and potentially suspicious activities, complementing existing security processes and helping authorised teams respond more efficiently to potential risks.
” Beyond individual customers, WayvePay aims to provide digital financial solutions for entrepreneurs and small businesses through services covering payments, transfers, savings, cards and business banking. As Nigeria’s digital economy continues to expand and more consumers and businesses adopt digital payments and mobile banking, WayvePay intends to continue investing in artificial intelligence, digital payments, financial security, customer experience and innovative financial products.

“Its “Banking & Beyond” positioning reflects the belief that modern banking should go beyond simply holding and moving money to helping customers save, pay, transfer and manage their finances more conveniently,” he added.