Verto has this week announced its official launch in the UAE. With over $25 billion processed annually for clients such as Unilever and Maersk, the company’s platform is designed to address the unique challenges of cross-border payments between the UAE and emerging market currency corridors (particularly in Africa), offering businesses a faster, more secure, and cost-effective way to handle high-value, time-sensitive transactions.
“The UAE is a pivotal hub for global commerce, and businesses here demand solutions as dynamic as their operations,” says 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.”
Verto’s platform combines local operations in the UAE with robust payment rails across key markets, offering a best-in-class workflow. This unique model is particularly beneficial for businesses trading along key corridors, including the UAE to Nigeria, Kenya, South Africa, West Africa, and China.
“Businesses are the lifeblood of global supply chains, but they face constant challenges from currency volatility and slow, traditional payment systems,” says 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. We believe in providing global reach with local strength, leveraging our expertise in key emerging markets to ensure that wherever a company’s goods go, their payments follow instantly and securely.”
