Verto Launches in Dubai to Revolutionize UAE-Africa Cross-Border Payments
Verto, a new fintech company, has officially launched in Dubai, United Arab Emirates. The platform aims to revolutionize cross-border payments, particularly between the UAE and emerging markets like Africa.
Verto offers businesses a faster, more secure, and cost-effective way to handle high-value, time-sensitive transactions. The platform enables instant or near-instant payments, with settlements occurring in hours rather than days. This speed and efficiency are a significant improvement over traditional banking methods.
Verto's platform provides competitive and transparent foreign exchange (FX) rates. It offers businesses hedging options and flexibility, allowing them to manage currency risks effectively. Additionally, Verto allows users to track payments from end-to-end. This feature reduces issues where payments are lost in transit and eliminates hidden fees, ensuring businesses have full visibility and control over their transactions.
Founded by Sachin Mittal, Verto is authorized by the Dubai Financial Services Authority to provide money services and advising or arranging money services. The company's Dubai branch is located in the prestigious Emirates Financial Tower, DIFC, Dubai, UAE. Verto processes over $25 billion annually for clients such as Unilever and Maersk, demonstrating its capability and reliability.
Verto's launch in the UAE marks a significant step in improving cross-border payment systems. Its innovative platform addresses unique challenges in corridors between the UAE and emerging markets, particularly in Africa. With its speed, transparency, and security, Verto is poised to become a game-changer for businesses navigating international payments.
