KAMPALA, September 22, 2026 — 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 spending management and operate more efficiently across global markets.

Verto provides cross-border business-to-business foreign exchange and payment services in Uganda, positioning the new card as a potential tool for companies managing international suppliers, subscriptions and operational expenses.

The Verto Card enables businesses to spend directly from their existing Verto currency balances, eliminating the need to transfer funds between accounts or convert currencies before making payments.

Businesses can access 11 currencies directly through their Verto wallets and reach more than 160 additional currencies through Visa’s global payments network. The card also offers zero foreign exchange markups on 10 major currencies, according to the companies.

The supported currencies include the US dollar, euro, Japanese yen, pound sterling, Swiss franc, Canadian dollar, Australian dollar, New Zealand dollar, Norwegian krone and Swedish krona.

Mr Ola Oyetayo

Businesses can also collect major international currencies, including US dollars, euros and pounds sterling, and settle transactions in Ugandan shillings.

Addressing Cross-Border Payment Challenges

The launch comes as African businesses expand into international markets and face rising demands for efficient foreign exchange management, payment settlement and financial control.

The card is designed for importers, exporters, technology firms, digital businesses and professional services companies that regularly transact across borders.

Ola Oyetayo, CEO and Co-founder of Verto, said African businesses were expanding faster than the financial infrastructure supporting their international operations.

“African businesses are expanding across borders faster than the financial infrastructure supporting them. Increasingly, the challenge is not market access, but how money moves,” Oyetayo said.

He added that many companies continue to lose value through foreign exchange losses, delayed settlements and fragmented banking processes.

“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 said.

Visa Network Expands Merchant Access

The Verto Card is accepted at more than 150 million merchants globally wherever Visa credit or debit cards are accepted, including merchants requiring credit-card payment rails.

The card links directly to a business’s Verto account, allowing companies to fund transactions from existing multi-currency wallets while improving visibility over international expenditure.

Additional features include spending controls, instant card issuance and enhanced transaction security.

Shahebaz Khan, Visa’s Senior Vice President and Head of Commercial & Money Movement, said the partnership was intended to simplify international payments for businesses seeking to expand.

“Managing multiple currencies should not be a barrier to growth for businesses looking to scale internationally,” Khan said.

“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,” he added.

Implications for East African Businesses

For businesses in East Africa, where cross-border trade increasingly involves international suppliers, digital platforms and overseas service providers, multi-currency payment tools offer an alternative approach to managing foreign exchange and operational spending.

Verto said the card forms part of its broader expansion of global treasury and payments infrastructure, supporting businesses across emerging markets as they scale internationally.

The company says it currently serves more than 5,000 businesses and facilitates over $25 billion in annual transactions across more than 190 countries.

The partnership with Visa extends Verto’s offering beyond cross-border transfers into card-based international spending, giving businesses access to a broader network of global merchants through a single payment instrument.

ENDS