Verto Launches in UAE with $25 billion Payments Platform

UK-based global fintech, Verto, has launched in the United Arab Emirates, bringing a platform that processes over $25 billion annually for clients such as Unilever and Maersk to address cross-border payments between the UAE and emerging market currency corridors, particularly in Africa. Verto's platform combines local operations in the UAE with payment rails across key markets for corridors including the UAE to Nigeria, Kenya, South Africa, West Africa and China. Features include instant or near-instant payments, competitive and transparent foreign exchange rates with hedging options, a multi-currency account, an auto exchange feature and end-to-end payment tracking, while eliminating hidden fees and spreads often associated with traditional banking. “The UAE is a pivotal hub for global commerce, and businesses here demand solutions as dynamic as their operations," said 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 has been authorised by the Dubai Financial Services Authority for providing money services, advising or arranging money services, and carrying on authorised financial services with or for retail clients holding or controlling client assets.