ALAT by Wema vs Revolut Singapore.
ALAT by Wema (A75/100) and Revolut Singapore (R52/100), scored on the same six pillars and compared row-by-row. Every cell is sourced from licence registers and live pricing pages, not opinion. Revolut Singapore leads ALAT by Wema 6-3.
| A ALAT by Wema №19 · CBN 75 /100 | R Revolut Singapore №64 · MAS 52 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 75 /100 | 52 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €0 Free tier | €0 Free tier |
| FX markup Debit card abroad | 3.00% | Interbank |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | — | €350 /mo |
| Protection | ||
| Banking licence Tier | Full bank CBN | Payment inst. MAS |
| Deposit guarantee Per depositor | €5,000,000 NG.NDIC | Safeguarded SG.SDIC |
| Reach | ||
| Markets served Licensed jurisdictions | 1 country | 4 countries |
| Crypto Coins available | No | 30 coins |
| Stocks & ETFs Self-directed | Yes | Yes |
| UX | ||
| Trustpilot Customer score | — | 3.8 ★ 1k reviews |
| App store iOS + Android avg | 4.5 ★ iOS 4.4 · And 4.5 | 4.7 ★ iOS 4.7 · And 4.6 |
| Read review → | Read review → | |
Pick ALAT by Wema if…
Nigeria's first fully-digital bank — launched 2017 as a digital arm of Wema Bank (NGX-listed, CBN-licensed since 1945). Operates under the parent's full-bank licence (so NDIC ₦5M cover applies, vs. the ₦2M microfinance ceiling that Kuda + OPay sit under). Strongest domestic savings rate ladder in NG (up to 12% on goal-locked tenures).
Pick Revolut Singapore if…
Revolut's APAC arm — Singapore-licensed regional HQ for AU / NZ / JP rollouts. Same multi-currency super-app model with MAS regulation and SDIC SGD 100,000 cover. The default cross-currency option for English-speaking APAC consumers.
- Best for fees Revolut Singapore won 2 of 4
- Best for protection ALAT by Wema won 2 of 2
- Best for reach Revolut Singapore won 2 of 3
- Best for ux Revolut Singapore won 2 of 2
ALAT by Wema vs Revolut Singapore — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is ALAT by Wema better than Revolut Singapore?
Under our v3 methodology, Revolut Singapore leads ALAT by Wema 6–3 across 12 dimensions. Composite scores: ALAT by Wema 75/100 vs Revolut Singapore 52/100. Revolut Singapore is stronger overall, but the right pick depends on which row matters most to you — fees, protection, reach, or app quality.
Is ALAT by Wema or Revolut Singapore cheaper?
Monthly fee — ALAT by Wema: €0; Revolut Singapore: €0. Card FX markup — ALAT by Wema: 3.00%; Revolut Singapore: Interbank. Revolut Singapore wins more fee rows (2 of 4). See the Fees section of the matrix above for ATM caps and the rest.
Which is safer for deposits, ALAT by Wema or Revolut Singapore?
ALAT by Wema holds a Full bank licence under CBN; deposit guarantee per depositor: €5,000,000. Revolut Singapore holds a Payment inst. licence under MAS; deposit guarantee per depositor: Safeguarded. ALAT by Wema is the stronger pick on regulatory protection.
Where can I use ALAT by Wema and Revolut Singapore?
ALAT by Wema operates in 1 country; Revolut Singapore operates in 4 countries. Check each provider's signup page for the live country list — eligibility depends on residency, not just the licence footprint.
Want a 3- or 4-way comparison?
The dynamic compare picker handles up to four banks. Add this pair plus one or two more and we'll resolve every row.