Foreign exchange (FX) volatility presents challenges for cross-border payments, but digital multi-currency wallets offer a solution. According to Ola Oyetayo, CEO at B2B cross-border FX and payments enabler Verto, several of their customers are concerned about how the “macro” will impact them on a 6-month...
Today in Europe, the Middle East and Africa (EMEA), Verto has partnered with Xente to provide payment services to NGOs and the United Arab Emirates gets a new digital bank in Wio. Verto and Xente Team up on NGO Payments The business-to-business (B2B) cross-border payments...
B2B cross-border payments firm Verto has partnered with Xente, a multicurrency digital payments platform for African businesses, to provide cross-border payment services to non-governmental organizations (NGOs) in Uganda. Verto will leverage Xente’s connectivity in Africa, which permits customers to pay verified beneficiaries even in remote...
In its August monetary policy statement, the Central Bank of Zimbabwe (CBZ) announced that it has developed a “roadmap for adoption of CBDC [central bank digital currency] in Zimbabwe,” embarking on the next stage of its journey toward the issuance of a government-backed digital currency....
March 20, 2023
If there’s a lesson that FinTechs must learn from Silicon Valley Bank’s (SVB) collapse, it’s the need to diversify their banking partners to include electronic money institutions (EMI), says Anthony Oduu, co-founder and CTO at business-to-business (B2B) cross-border payments provider Verto. According to Oduu, unlike FDIC-insured financial institutions (FIs) that can use clients’ deposits to […]
December 27, 2022
Foreign exchange (FX) volatility presents challenges for cross-border payments, but digital multi-currency wallets offer a solution. According to Ola Oyetayo, CEO at B2B cross-border FX and payments enabler Verto, several...
May 04, 2022
Shortly after legalizing the use of cryptocurrency, the Central African Republic (CAR) recently became the second country in the world, after El Salvador, to adopt Bitcoin as an official currency....
September 13, 2022
B2B cross-border payments firm Verto has partnered with Xente, a multicurrency digital payments platform for African businesses, to provide cross-border payment services to non-governmental organizations (NGOs) in Uganda. Verto will leverage Xente’s connectivity in Africa, which permits customers to pay verified beneficiaries even in remote areas, according to a Tuesday (Sept. 13) IBS Intelligence report. […]
