Verto has launched a platform in the UAE to enhance B2B cross-border payments, focusing on emerging African markets. The UK-based fintech firm processes over $25bn annually for clients like Unilever and Maersk. The platform aims to facilitate faster, secure, and cost-efficient transactions by integrating local operations in the UAE with key markets.

This integration benefits businesses trading between the UAE and regions like Nigeria, Kenya, South Africa, West Africa, and China. Verto CEO Ola Oyetayo stated the platform empowers businesses by mitigating FX risk, accelerating settlements, and optimizing cash flow. The company specializes in high-value, time-sensitive transactions in emerging markets across Africa and the Middle East.

Verto’s Dubai office in Emirates Financial Tower, DIFC, has been authorized by the Dubai Financial Services Authority for money services and financial advisory. UAE country manager Helen Ghebreluul highlighted the platform’s ability to handle high-value, time-sensitive transactions in emerging African markets. Earlier this year, Verto launched The Atlas Suite, an API-first solution simplifying international financial transactions for institutions and marketplaces.

Read more at Yahoo Finance: Verto launches in UAE to streamline cross-border payments to Africa