Verto Unveils New Corporate Cards with Zero FX Markups
Verto, a B2B global payments platform, has announced the launch of its new Verto Card in partnership with Visa. This innovative card solution enables businesses worldwide to fund, spend, and settle payments across multiple currencies without hidden exchange fees on eligible transactions.
Addressing Pain Points for African Businesses
For too long, African companies engaging in international trade have faced challenges like:
- Corporate cards tied to single settlement currencies
- Hidden FX costs eroding profit margins
- Payment rejections due to currency mismatches
- Limited access to global payment rails
The Verto Card directly addresses these issues by leveraging Visa’s network to deliver guaranteed acceptance rates in 11 core currencies, with indirect access to over 160 more.
Key Features and Benefits:
- Zero FX markups on eligible currencies
- Support for USD, EUR, JPY, GBP, CHF, CAD, AUD, NZD, NOK, SEK, and more
- Automatic currency conversion without manual transfers
- Acceptance at 150 million merchants globally
- Enhanced security with 3D Secure verification
- Granular spending controls by date, time, and merchant category
Executive Perspectives:
“African businesses have been underserved by existing card products. This partnership with Visa reshapes corporate cards for international operations, moving beyond traditional banking limitations,” said Ola Oyetayo, CEO of Verto.
Shahebaz Khan, SVP at Visa, added: “We’re expanding access to modern payment capabilities that help businesses move money more efficiently while enabling fintechs to deliver new value.”
The Verto Card is particularly beneficial for African SMEs, importers, SaaS businesses, and digital media buyers who frequently transact in foreign currencies.