Dubai — Global cross-border payments platform Verto has officially launched in the United Arab Emirates, aiming to simplify and accelerate high-value, time-sensitive transactions between the Gulf and emerging markets, particularly Africa.
Why It Matters
With UAE-Africa trade volumes rising sharply, traditional banking systems often struggle to support the speed and transparency modern businesses require. Verto seeks to close that gap by offering instant payments, transparent FX rates, and real-time tracking — crucial for enterprises managing complex, multinational supply chains.
By the Numbers
- $25 billion+ processed annually for global clients including Unilever and Maersk
- Licensed by the Dubai Financial Services Authority (DFSA)
- Active operations across Nigeria, Kenya, South Africa, West Africa, and China
Key Features
Verto’s UAE platform integrates seamlessly with its global payment rails, enabling:
- Fast settlements: Payments completed in hours instead of days.
- FX flexibility: Competitive, transparent rates with hedging and rate-locking tools.
- Transparency: End-to-end transaction visibility with no hidden fees.
Helen Ghebreluul, UAE Country Manager, said:
“The UAE is a pivotal hub for global commerce, and businesses here demand solutions as dynamic as their operations. We’re not just a service; we’re a critical partner ensuring payments move as fast and reliably as business itself.”
Ola Oyetayo, CEO and Co-founder of Verto, added:
“Businesses are the lifeblood of global supply chains, but they face constant challenges from currency volatility and slow, traditional payment systems. We empower them with tools to mitigate FX risk, accelerate settlements, and optimize cash flow.”
The Bigger Picture
Verto’s expansion into the UAE positions it at the heart of one of the world’s most important trade corridors — connecting Middle Eastern capital with African and Asian growth markets. Its platform represents a step toward more efficient, transparent, and digitally enabled B2B finance across emerging economies.
