Verto, Nigerian B2B Payments Platform, Expands to UAE, Boosting Africa-Gulf Trade
Verto, a leading Nigerian B2B payments platform, has made a significant move by launching its operations in the United Arab Emirates (UAE). This expansion signifies a major step in streamlining financial transactions for African businesses, particularly those engaged in trade with the Gulf region. This development has the potential to unlock new opportunities for Kenyan and other African companies, providing them with a more efficient and reliable way to manage their cross-border payments.
Revolutionizing Cross-Border Payments Between Africa and the UAE
Verto’s entry into the UAE addresses the persistent challenges that African businesses face when conducting cross-border transactions, especially within the crucial trade corridor between the UAE and Africa. The company has established a strong track record, processing over $25 billion annually for global entities like Unilever and Maersk. Helen Ghebreluul, Verto’s UAE Country Manager, emphasized the platform’s suitability for high-value, time-sensitive transactions common in global commerce. This includes serving emerging markets across Africa, a region where Verto aims to be a critical partner. This positions Verto to become a valuable tool for African businesses looking to navigate the complexities of international payments.
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Related Keywords: Verto, Nigerian B2B payments, UAE launch, crossborder payments, international payments, African fintech, B2B payments platform, Verto UAE, TechMoran, fintech expansion
