AUATON partners Wema Bank to provide car advert, CNG loans to Uber, Bolt drivers

The Lagos Council of the Amalgamated Union of App-based Transporters of Nigeria (AUATON) has announced a strategic partnership with Wema Bank to provide e-hailing drivers with tailored financial services.

This was disclosed in a statement by the State Chairman of the union, Comrade Azeez Jaiyesimi.

According to the chairman, some of the benefits the partnership will offer drivers include low-interest and CNG loans, income from car headrest adverts, and free POS service. Other benefits include access to quick loans and SME loans, loans for solar inverters, discounted business name registration, and car insurance and renewal.

See also: Lagos AUATON launches N150k LED car roof ad board to increase drivers’ earnings

It also includes the issuance of AUATON customised ATM debit cards that serve as ID cards and access to school fees loans.

“We are excited to announce that AUATON and Wema Bank have partnered to simplify financial services for all AUATON members. This collaboration aims to enhance our banking experience and provide greater accessibility to financial resources,” the statement reads.

Wema Alat x AUATON

The benefits of the partnership are available to union members.

To register, drivers need to follow the AUATON Wema Bank Registration link and follow the prompt. They should also provide the following information: BVN (Bank Verification Number), NIN (National Identification Number), Email Address and Phone Number.

However, customers of Wema Bank will not need to create new accounts through this process. Any driver who already has an account with the bank will be identified and flagged as an existing customer, though they remain eligible for all benefits.

“Once your account is opened, you will create an ALAT Channel profile. Default credentials will be sent to your registered email address and phone number, which will be required for the initial sign-up on ALAT. We encourage all members to take advantage of this opportunity and streamline their banking experience with Wema Bank. Your financial journey just became easier,” the statement reads.

AUATON is deepening financial access for e-hailing drivers with Wema Bank partnership

The partnership represents the latest development in the union’s drive to provide some form of financial recourse to drivers amid dwindling revenues. In December, the union launched an LED car roof advertising scheme for e-hailing drivers and fleet owners in the state.

The chairman of the council, Comrade Jaiyesimi Azeez, while disclosing this in a chat with Technext at the time, explained that the cars of participating drivers will be fitted with sleek, high-tech LCD roof displays.

The displays will carry advertisements and brand campaigns by various organisations and companies. And, drivers will be required to drive around the city with the displays.

According to the chairman, the purpose of the advert scheme is to enable drivers to maximise their earning opportunities, earn additional passive income and increase their savings, especially as they head into the busy and financially demanding Yuletide season.

Comrade Jaiyesimi Azeez

Beyond the season, it is also an opportunity for drivers to achieve financial stability.

“The LED car roof advert display is giving car owners the unique opportunity to turn their vehicles into income-generating assets. By allowing their cars to be fitted with an LCD roof branding display, they can earn between ₦70,000 and ₦150,000 monthly, all while driving their usual routes,” the chairman said.

Drivers have continued to bear the brunt of dwindling revenues occasioned by the harsh economy and low fare rates. As such, they require schemes to improve their earnings, with many adopting the car-branding schemes.

Beyond constantly demanding improved welfare from e-hailing companies, the union appears keen on playing its part in ensuring that drivers can earn more. It remains to be seen how far they go.

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