Verto and Visa Launch Multi-Currency Corporate Card for African Businesses

Quick Summary

Verto has launched its new multi-currency corporate card in partnership with Visa to streamline international transactions for African businesses. The card provides direct access to 11 currencies and indirect access to 160 more, eliminating hidden FX markups and improving payment acceptance rates for SMEs and digital importers.

How Does the Verto Card Simplify Global Transactions?

Eliminating payment friction is the primary goal of the new Verto Card, which allows businesses to fund and settle payments across multiple global markets. By utilizing the multi-currency corporate card, businesses can bypass the limitations of single-settlement accounts that often lead to rejected payment attempts and significant revenue loss. The card is accepted by 150 million merchants globally, ensuring that African importers and SaaS buyers can operate with the same efficiency as local entities in foreign markets. This integration removes the need to manually move funds between different currency wallets, saving time and reducing administrative overhead.

What Currencies and Security Features are Included?

Direct currency access is available for 11 major global currencies, including USD, EUR, GBP, and JPY, with zero FX markups on eligible transactions. The multi-currency corporate card is built on Visa’s commercial rails, providing guaranteed acceptance rates that far exceed traditional prepaid card options. Security is managed through 3D Secure verification, requiring one-time passcodes or in-app confirmation for every transaction. Business owners also benefit from granular spending controls, allowing them to set limits based on date, time, and specific merchant categories to maintain strict oversight of corporate expenditure.

How Does Verto Support Fintech Card Issuance?

Scaling financial infrastructure is a key component of Verto's long-term strategy through its Atlas infrastructure. The company plans to offer Cards-as-a-Service (CaaS), which will enable other fintechs and banks to embed white-label card issuance directly into their own platforms. This offering is backed by Verto's regulatory licensing and Visa's global network, providing a turnkey solution for institutions looking to offer modern payment tools. Future updates will also include mobile wallet integration via Google Pay, further expanding the flexibility of the payment ecosystem for global business users.

FF NEWS TAKE:

The introduction of this multi-currency corporate card moves the needle for African B2B commerce by solving the "prepaid rejection" problem. For too long, African SMEs have been treated as high-risk or second-class citizens in global digital markets. By leveraging Visa's commercial rails and offering zero FX markups, Verto is providing the professional-grade tools necessary for African enterprises to compete globally without being drained by hidden fees.