Verto is a cross-border payments platform designed to help businesses simplify and manage international transactions, with a particular focus on emerging markets such as Africa. Verto provides an infrastructure that enables companies to convert, hold, receive, and make payments in 49 different currencies, supporting seamless global business operations.
By connecting businesses, liquidity providers, FX brokers, payment institutions, and banks through its marketplace, Verto enables clients to select foreign exchange rates at optimal times, ensuring competitive pricing and continuous access to liquidity. Their platform is particularly valued by organizations operating in regions with complex or less-developed financial systems, aiming to make cross-border payments faster, more transparent, and cost-effective.
Verto’s services are API-driven and cater to the B2B sector, providing banking-as-a-service capabilities. This allows for easy integration into client systems, supporting diverse business payment needs and facilitating growth in international markets.
What technology enables Verto’s cross-border payments?
Verto’s platform leverages advanced financial infrastructure and API integrations, allowing users to access real-time FX rates and liquidity from multiple providers. By acting as a marketplace, Verto gives businesses flexibility and choice in their international payment operations, while reducing both costs and settlement times compared to traditional banking routes.
Who uses Verto?
Verto is primarily used by:
- Businesses operating across multiple countries, especially those trading in or with emerging markets
- Financial institutions, payment service providers, and banks seeking to expand their cross-border capabilities
- FX brokers and liquidity providers looking for new channels to distribute their services
The platform is especially relevant for companies based in or transacting with Africa, as well as those headquartered in Europe and the United Kingdom.
Who are Verto’s competitors?
Verto operates in the global B2B cross-border payments and FX space, a rapidly evolving segment of fintech. Key competitors and alternative solutions include:
- Mastercard Cross-Border Services: A global platform for secure cross-border payments for businesses.
- Wise: A leading cross-border payments company known for its transparent fees and consumer focus.
- Payoneer: Serving a global business audience with international payments and multi-currency accounts.
- Banking Circle: Focuses on real-time cross-border payments and banking infrastructure for financial institutions.
- Xignite: Provides market data and cross-border payment solutions.
- Thunes: Offers scalable B2B cross-border payment platforms for businesses and financial institutions.
- PingPong: Facilitates global payments for businesses with a focus on e-commerce.
- Convera: Formerly Western Union Business Solutions, serving SMEs and large organizations with international payment services.
Each of these platforms addresses unique regional, technological, or integration needs, with Verto focusing strongly on emerging markets and multi-currency B2B solutions.
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