Verto and Visa Unveil Multi-Currency Card for Africa

African businesses now have a more efficient way to manage international spending thanks to Verto and Visa's new multi-currency card. The partnership aims to reduce foreign exchange costs, improve spend management, and increase efficiency for businesses operating across global markets.

The Verto Card allows businesses to access 11 currencies directly through their existing Verto wallets, including major currencies like the US dollar, euro, and Japanese yen. They can also tap into over 160 additional currencies via Visa's global payments network, with zero FX markups on 10 major currencies.

This solution is designed for businesses operating across multiple markets, including importers, exporters, tech firms, digital businesses, and professional services companies that manage suppliers, subscriptions, and operational expenses internationally. Ola Oyetayo, CEO of Verto, stated that the launch responds to a growing infrastructure gap facing African businesses trading internationally.