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Verto launches in UAE to streamline cross-border payments to Africa
Yahoo Finance· 2025-10-07 13:15
Core Insights - Verto has launched its platform in the UAE to enhance B2B cross-border payments, particularly targeting emerging African markets [1][2] - The company processes over $25 billion annually for clients like Unilever and Maersk, focusing on faster, secure, and cost-efficient transactions [1][3] Company Operations - The platform integrates local operations in the UAE with payment channels in key markets such as Nigeria, Kenya, South Africa, West Africa, and China [2] - Verto specializes in high-value, time-sensitive transactions, leveraging expertise in emerging market corridors across Africa and the Middle East [3] Strategic Importance - The UAE is identified as a pivotal hub for global commerce, necessitating dynamic solutions for businesses operating in the region [4] - Verto's Dubai office has been authorized by the Dubai Financial Services Authority for money services and financial advisory [4] Product Offerings - Earlier this year, Verto launched The Atlas Suite, an API-first solution aimed at simplifying international financial transactions for financial institutions and marketplaces [4]