The UAE’s business landscape has a new partner for navigating the complexities of international trade with the official launch of Verto, a B2B payments platform specializing in emerging markets. The company, which already processes over $25 billion annually for major clients like Unilever and Maersk, is establishing a presence in Dubai to offer businesses a faster and more cost-effective solution for high-value, cross-border transactions, particularly along the UAE-Africa corridor.
Bridging the UAE-Africa Trade Corridor
Verto aims to solve the unique challenges businesses face when dealing with emerging market currency corridors. By combining local operations in the UAE with robust payment infrastructure across key markets, the platform offers a streamlined workflow for trade between the UAE and countries like Nigeria, Kenya, South Africa, and China. This move positions Verto as a critical financial partner for companies looking to capitalize on Africa’s growing economic opportunities.
“The UAE is a pivotal hub for global commerce, and businesses here demand solutions as dynamic as their operations,” said Helen Ghebreluul, Verto’s UAE Country Manager. “Our platform is built to handle the high-value, time-sensitive nature of these transactions, particularly in emerging markets in Africa. We’re not just a service; we’re a critical partner, ensuring that a company’s payments move as fast and reliably as their business.”
A Solution for High-Value Transactions
Verto’s platform is designed to directly address the pain points of traditional payment systems. Businesses using the service can expect near-instant settlements, with payments clearing in hours instead of days, a crucial advantage in supply chain management. The platform also provides tools for mitigating foreign exchange risk, including competitive FX rates, hedging options, multi-currency wallets, and an “Auto Exchange” feature that executes trades at optimal rates. Furthermore, Verto eliminates hidden fees and offers end-to-end payment tracking, providing much-needed transparency and reducing the risk of payments being lost in transit.
A Local Base for Global Reach
“Businesses are the lifeblood of global supply chains, but they face constant challenges from currency volatility and slow, traditional payment systems,” stated Ola Oyetayo, CEO and Co-founder of Verto. “Verto empowers these businesses by giving them the tools to mitigate FX risk, accelerate settlements, and optimize their cash flow.”
To anchor its regional operations, Verto has opened a new office in the Emirates Financial Tower at the Dubai International Financial Centre (DIFC). The company is authorized by the Dubai Financial Services Authority (DFSA) for providing and advising on money services, underscoring its commitment to regulatory compliance and security.
About Verto
Verto is a B2B payments company that empowers businesses to move money seamlessly across borders, faster, smarter, and more cost-efficiently than traditional banks. With a specialization in high-value, time-sensitive trade transactions, Verto provides global reach with local strength, offering trusted expertise in emerging markets corridors across Africa, and the Middle East.
Source: Zawya
