“Can a Shariah-compliant alternative finance bank scale in Nigeria via a digital-first mobile app?”
AltBank is a digital banking product operated by Sterling Alternative Finance (SAF), the non-interest (Islamic/alternative finance) arm of Sterling Bank in Nigeria. It offers a mobile banking app with debit/credit/virtual cards, plus AltPay payments, targeting customers who want Shariah-compliant/alternative finance banking.
AltBank discloses Sterling Alternative Finance (in-house) as its banking provider, according to the Embedded Finance Index 2026.
AltBank does not disclose a bank charter of its own; its banking services are provided through Sterling Alternative Finance (in-house).
AltBank is headquartered in Lagos, Nigeria.
Get a read on where your own stack stands against AltBank and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.