Verto has partnered with Visa to launch a new corporate card that allows businesses to spend directly from their Verto wallets across 11 currencies, with indirect access to more than 160 additional currencies.
The Verto Card is designed to give African businesses more flexibility when making international payments. Verto said eligible transactions come with zero foreign exchange markups, while the card can be used at more than 150 million merchants globally.
Businesses can spend directly from their Verto wallets
The new card links directly to customers’ Verto wallets, allowing businesses to spend from their existing currency balances without manually moving funds between wallets for each transaction.
The 11 supported currencies include the US dollar, euro, Japanese yen, British pound, Swiss franc, Canadian dollar, Australian dollar, New Zealand dollar, Norwegian krone, Swedish krona and Nigerian naira. Verto’s help centre confirms that customers can fund card transactions from these 11 currency wallets.
For transactions made in one of the supported currencies, Verto says businesses can be debited directly from the matching wallet without FX fees, although its documentation notes that a funding fee applies to NGN transactions. For currencies outside the supported list, the card can fall back to the card’s default currency wallet.
The company said the card is particularly aimed at African SMEs, importers, software-as-a-service businesses and digital media buyers that regularly make international payments.
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Visa expands the card’s global reach
The partnership with Visa gives the Verto Card access to Visa’s global payment network, allowing businesses to use the card across 11 currencies while gaining indirect access to more than 160 additional currencies.
Verto said the card can be used at more than 150 million merchants worldwide. The company is positioning the product as a way for African businesses to deal with some of the payment restrictions that can arise when using corporate cards tied to a single settlement currency.
According to Verto CEO and co-founder Ola Oyetayo, existing corporate card products can leave African businesses dealing with limited currency options, undisclosed fees and declined payments because of the way some cards are structured.
The new Visa partnership is intended to address those limitations by connecting corporate spending more directly to Verto’s multi-currency payment infrastructure.
The card also adds controls for business spending
Beyond international payments, Verto is adding controls designed to help companies manage how employees use their corporate cards.
Card transactions are authenticated through 3D Secure using one-time passwords or in-app confirmation, while businesses can set controls around factors including transaction dates, times and merchant categories. Verto also says sensitive card information remains within its platform.
The company is also planning to expand the product beyond its current card offering. Verto said it plans to integrate the cards with Google Pay and introduce a Cards-as-a-Service offering through its Atlas infrastructure.
The planned service would allow fintechs and financial institutions to embed card issuance into their own platforms through white-label arrangements, using Verto’s licensing and Visa’s payment network.
For Verto, the launch therefore extends its role beyond moving money between businesses and into how those businesses actually spend it. The focus is on giving companies a single payment layer that connects their multi-currency balances to international spending, while reducing the friction associated with traditional corporate cards.