Verto moves into corporate spending with multi-currency visa card. African businesses operating across borders are set to gain access to a new multi-currency corporate card as Verto, a B2B global payments platform, partners with Visa to expand international payment options for companies facing foreign-exchange costs, payment failures and local banking constraints. The new Verto Card, launched at a time when African businesses are increasingly dependent on cross-border digital commerce, allows companies to fund, spend and settle transactions across multiple currencies, with zero FX markups on eligible currencies. The card is linked directly to Verto wallets and can be used across 150 million merchants globally, giving businesses access to 11 supported currencies without having to manually transfer funds between wallets for each transaction. The currencies include the US dollar, euro, Japanese yen, pound sterling, Swiss franc, Canadian dollar, Australian dollar, New Zealand dollar, Norwegian krone and Swedish krona, while the platform provides indirect access to 160 additional currencies. The product is designed to reduce some of the payment friction associated with operating in foreign markets for African SMEs, importers, software-as-a-service businesses and digital media buyers, particularly where conventional corporate cards are tied to a single settlement currency. Ola Oyetayo, CEO and co-founder of Verto, said African businesses had historically faced limitations from corporate cards that imposed undisclosed fees, restricted currency options or experienced payment declines because they operated on prepaid rails. "This new partnership with Visa reshapes corporate cards for international businesses, moving beyond the limitations of traditional banking and prepaid card structures, and expanding what is possible for global business transactions," Oyetayo said. The launch gives Verto a stronger position in the corporate payments market, extending its proposition beyond payment infrastructure for businesses and into the spending and settlement layer of international commerce. The partnership comes as African companies increasingly participate in cross-border digital commerce, including imports, software subscriptions, advertising, technology services and other international transactions where access to reliable payment rails remains critical. Shahebaz Khan, senior vice-president and head of commercial and money movement at Visa, said the partnership reflected the growing importance of combining global payment connectivity with locally relevant financial technology. "Through our partnership with Verto, we are expanding access to modern payment capabilities that help businesses move money more efficiently, while enabling fintechs and financial institutions to deliver new value to their customers," Khan said. Security and spending controls are built into the card. Verto said sensitive card information remains within its platform, while transactions are authenticated through 3D Secure using a one-time passcode or in-app confirmation. Businesses can also impose controls based on factors including transaction dates, times and merchant categories, providing companies with greater oversight of employee and corporate card spending. The partnership also creates a pathway for Verto to expand its card infrastructure beyond direct customers. The company plans to integrate the cards with Google Pay and introduce a Cards-as-a-Service offering through its Atlas infrastructure. The model would allow fintechs and banks to embed card issuance into their own platforms through white-label arrangements backed by Verto's licensing and Visa's payment network. The move is also expected to expand the addressable market for Verto by allowing other financial technology companies and institutions to use its card infrastructure rather than developing their own international card programmes. As companies increasingly pay suppliers, technology providers, advertising platforms and other service providers outside their home markets, payment reliability and the cost of moving money have become increasingly important components of international business economics. Verto said the new card is intended to address those challenges by combining multi-currency wallets with Visa's global acceptance network, allowing businesses to transact internationally without being constrained by a single settlement currency. The company plans to build further on the proposition through additional wallet integrations and its Cards-as-a-Service infrastructure, positioning the product as part of a deeper drive to provide African businesses with financial tools for operating across borders. Onome Amuge serves as online editor of Business A.M, bringing over a decade of journalism experience as a content writer and business news reporter specialising in analytical and engaging reporting. You can reach him via Facebook ,X and LinkedIn * Trending * Comments * Latest August 28, 2026 May 30, 2017 July 29, 2025 August 8, 2025

Verto launches new global multi-currency Card in partnership with Visa. ...New corporate cards offer direct spend across 11+ currencies and indirect access to 160+ more with no hidden FX markups By Destiny Eseaga Verto, a leading B2B global payments platform, has announced the launch of its new Verto Card, in partnership with Visa, marking a new chapter in how African companies transact internationally. Discover more Techeconomy Join Diaspora Networks Businesses Accessible to customers worldwide, the Verto Card enables businesses to fund, spend, and settle payments across multiple currencies with zero FX markups on eligible currencies, giving them the control and efficiency needed to operate on the global stage. Business management tools For far too long, African businesses with global operations have been constrained by corporate cards tied to a single settlement currency, imposing hidden FX costs, triggering rejected payments, and driving revenue loss. Verto Cards directly addresses these challenges by leveraging Visa's reliable commercial rails to deliver guaranteed payment acceptance rates across 11 currencies, with indirect access to 160 more, helping customers maximise profit margins and overcome local banking frictions. With the new corporate cards directly linked to Verto wallets and accepted by 150 million merchants globally, customers can automatically transact in: US Dollar (USD), Euro (EUR), Japanese Yen (JPY), Pound Sterling (GBP), Swiss Franc (CHF), Canadian Dollar (CAD), Australian Dollar (AUD), New Zealand Dollar (NZD), Norwegian Krone (NOK), Swedish Krona (SEK), without the need to manually move funds between wallets or pay a penalty for global operations. For African SMEs, importers, SaaS businesses, and digital media buyers, this means transacting like a local in foreign markets without being held back by hidden FX costs or the payment failures of prepaid cards. "African businesses have been underserved by the card products that exist today. They are either locked into a single currency, hit by undisclosed fees, or declined at checkout because their card runs on prepaid rails", said Ola Oyetayo, CEO and co-founder of Verto. "This new partnership with Visa reshapes corporate cards for international businesses, moving beyond the limitations of traditional banking and prepaid card structures, and expanding what is possible for global business transactions" he continued. Security and control are built into the Verto Card, with sensitive card data retained within Verto's platform and all transactions authenticated through 3D Secure verification via one-time passcode or in-app confirmation. Discover more Explore Top Audiobooks Download Interactive Maps Try CAD Software Together, these measures ensure secure transaction approval at the point of use, while granular controls by date, time, and merchant category give businesses oversight of how company cards are used. Business management tools "The future of business payments lies in solutions that combine global connectivity with local innovation," said Shahebaz Khan, SVP and head of Commercial & Money Movement, Visa. "Through our partnership with Verto, we are expanding access to modern payment capabilities that help businesses move money more efficiently, while enabling fintechs and financial institutions to deliver new value to their customers." Verto plans to extend the platform to include mobile wallet integration via Google Pay and a Cards-as-a-Service (CaaS) offering via its Atlas infrastructure, enabling fintechs and banks to embed card issuance directly into their own platforms through a white-label agreement backed by Verto's licensing and Visa's network.