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

Verto and Visa have launched a new multi-currency corporate card for African businesses, aiming to simplify international transactions and reduce costs. The Verto Card enables companies to fund, spend, and settle payments across multiple currencies without FX markups on eligible currencies.

This partnership addresses the long-standing issue of corporate cards tied to single settlement currencies, which impose hidden FX costs and drive revenue loss for African businesses with global operations.

The new card is linked to Verto wallets and accepted by 150 million merchants globally, allowing customers to automatically transact in 11 currencies, including US Dollar, Euro, Japanese Yen, and Pound Sterling.