London-based fintech firm Verto has officially launched its operations in the UAE, marking a significant step in strengthening cross-border payment capabilities between the UAE and emerging market currency corridors, particularly in Africa.

Processing over US$25 billion annually for clients such as Unilever and Maersk, the company’s platform aims to provide a faster, more secure, and cost-effective solution for managing high-value, time-sensitive transactions.

“The UAE is a pivotal hub for global commerce, and businesses here demand solutions as dynamic as their operations,”

said Helen Ghebreluul, Verto’s UAE Country Manager.

“Our platform is built to handle the high-value, time-sensitive nature of these transactions, particularly in emerging markets in Africa. We’re not just a service; we’re a critical partner, ensuring that a company’s payments move as fast and reliably as their business.”

Verto’s platform integrates local operations in the UAE with established payment rails across key global markets, offering an efficient and reliable workflow.

This model is designed to support businesses trading along major corridors, including the UAE to Nigeria, Kenya, South Africa, West Africa, and China.

The platform enables near-instant settlements, allowing payments to clear within hours rather than days, an essential feature for industries where payment delays can disrupt supply chains.

It also offers competitive and transparent foreign exchange (FX) rates, giving businesses greater flexibility to manage FX risks.

Companies can lock in rates to hedge against currency volatility, hold multiple currencies in separate wallets, and automate exchanges at optimal rates.

Additionally, Verto provides full payment traceability, allowing users to monitor transactions end-to-end and eliminating hidden fees often found in traditional banking systems.

Verto’s Dubai branch, located in the Emirates Financial Tower within the Dubai International Financial Centre (DIFC), is led by an expanding local team.

The company is authorised by the Dubai Financial Services Authority (DFSA) to provide money services, advise or arrange money services, and conduct authorised financial services for retail clients holding or controlling client assets.

Featured image credit: Edited by Fintech News Middle East, based on image by EyeEm via Freepik