Multi-currency corporate cards launch to reduce cross-border payment costs for African businesses
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By Dickson Odhiambo
September 22, 2026
Multi-currency corporate cards launch to reduce cross-border payment
costs for African businesses
Global
cross-border payments platform Verto, in partnership with Visa, has launched a
multi-currency corporate card designed to help African businesses reduce
foreign exchange costs, improve international spend management and operate more
efficiently across global markets.
The
Verto Card allows businesses to spend directly from their existing Verto
currency balances, rather than moving money between accounts or converting
funds before making a payment. Businesses can access 11 currencies directly
through their Verto wallets and reach more than 160 additional currencies
through Visa’s global payments network with zero FX markups on 10 major
currencies.
The
launch comes as businesses increasingly operate across multiple markets,
creating a growing need for a multi-currency card that enables you to spend in:
US Dollar (USD), Euro (EUR), Japanese
Yen (JPY), Pound Sterling (GBP), Swiss Franc (CHF), Canadian Dollar (CAD),
Australian Dollar (AUD), New Zealand Dollar (NZD), Norwegian Krone (NOK),
Swedish Krona (SEK), without the need to manually move funds between
wallets or pay a penalty on FX conversions.
The
solution is designed for businesses operating across multiple markets,
including importers, exporters, technology firms, digital businesses and
professional services companies increasingly managing suppliers, subscriptions
and operational expenses internationally.
Ola Oyetayo, CEO and Co-founder, Verto
says the launch responds to a growing infrastructure gap facing African
businesses trading internationally.
“African
businesses are expanding across borders faster than the financial
infrastructure supporting them. Increasingly, the challenge is not market
access, but how money moves. Many companies are still losing value through
unnecessary FX losses, delayed settlement and fragmented banking processes that
directly affect profitability and growth. The Verto Card is designed to give
businesses greater control over international spending while reducing some of
the friction that has traditionally come with cross-border trade” he says.
The
Verto Card is accepted at more than 150 million merchants globally wherever a
Visa Credit or Debit card is accepted, including merchants that require
credit-card payment rails. This gives businesses access to an unparalleled range
of international merchants while using a single card linked to their Verto
account.
The
Verto Card allows businesses to fund transactions directly from existing Verto
multi-currency wallets, helping reduce unnecessary currency conversions while
improving visibility and control over international spending. The platform also
includes spend controls, instant card issuance and enhanced transaction
security.
“Managing
multiple currencies should not be a barrier to growth for businesses looking to
scale internationally” says Shahebaz Khan, SVP and Head of
Commercial & Money Movement, Visa. Our partnership with Verto helps
simplify how businesses pay suppliers, manage expenses and transact internationally,
while providing the security and global acceptance they expect from Visa.”
As
businesses across East Africa expand into new markets, the ability to move and
manage money efficiently across borders is becoming increasingly important.
From paying international suppliers and managing subscriptions to covering
operational expenses across markets, businesses need payment infrastructure
that can keep pace with increasingly global operations.
This
launch forms part of Verto’s broader expansion of its global treasury and
payments infrastructure, supporting businesses across emerging markets as they
scale across borders and explore new opportunities globally.
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