Verto and Investec Partner to Redefine Cross-Border B2B Payments for South African Businesses

Verto SA, a leading global cross-border payments platform, and Investec, a renowned financial services provider, have announced a strategic partnership that represents a significant milestone in redefining cross-border B2B payments for South African businesses.

With a proven track record of exceeding $6 billion in transaction volumes and a trusted clientele spanning 27 countries, Verto is well-positioned to address the international payment and foreign exchange needs of South African enterprises. Its acquisition of a license and partnership with Investec further demonstrate Verto’s unwavering commitment to local regulatory compliance. Verto South Africa is now aligned with Investec, an Authorized Dealer regulated by the South African Reserve Bank, FSCA, and registered as an accountable institution with the Financial Intelligence Centre.

This partnership empowers South African businesses to seamlessly send and receive international payments through a single API or Verto’s web and mobile platform. Verto streamlines currency conversion and global account management, ensuring regulatory compliance and exceptional customer service for cross-border transactions.

“The Verto platform addresses key pain points for South African businesses making cross-border payments,” says Ola Oyetayo, CEO of Verto. “It offers self-service options and a fully automated system currently in development, aiming to provide an exceptional and trusted payment experience for South African businesses.”

The Verto-Investec partnership presents a compelling value proposition for South African businesses, offering the following benefits:

  • Convenience: A single platform for all cross-border payment needs, streamlining workflows and simplifying international transactions.
  • Cost-effectiveness: Competitive foreign exchange rates and transaction fees, translating into significant savings for businesses.
  • Compliance: Adherence to all relevant local and international regulations, ensuring peace of mind for businesses.
  • Security: Robust security measures and fraud protection mechanisms, safeguarding businesses from financial risks.
  • Reliability: A trusted partner with a proven track record of excellence in cross-border payment

The Verto-Investec partnership is poised to have a transformative impact on the cross-border payments landscape in South Africa. By offering a streamlined, compliant, and cost-effective solution, Verto is empowering South African businesses to expand their global reach and participate more effectively in the global economy.

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