Verto hopes to capture surging Africa trade flows via latest expansion to Dubai
- Verto has expanded its operations to Dubai to capitalize on trade flows between the UAE and African markets.
- The company aims to address challenges in currency volatility and settlement delays for businesses.
- Verto will offer multi-currency wallets and foreign exchange hedging tools from its new base in the Dubai International Financial Centre.
Verto's expansion into Dubai represents a strategic move to address significant pain points in the cross-border payments landscape, particularly for businesses dealing with emerging markets. This could lead to increased competition in the fintech space, driving innovation and better services for businesses in the region.
