Verto Launches Cross-Border Payments API

Verto, the leading B2B cross-border payments and foreign exchange (FX) enabler, announced the launch of its new API solution, empowering businesses to automate currency conversion, global pay-outs and beneficiary management.

Verto's API solution allows fintechs, financial institutions, payroll, HR companies, accounting and invoice management solution providers and large enterprises to access a complete financial services ecosystem, customise their own payment solutions seamlessly and create their own FX and payment flows. The system uses Verto's RESTful API, which is designed to minimize integration time while letting clients scale globally.

This new solution further enhances Verto's mission to provide the infrastructure that powers the world's fastest-growing start-ups, enterprises and e-commerce merchants, allowing businesses in mature and emerging markets equal access to the global financial system. Through Verto API, businesses have the complete freedom to automate currency conversions, track payments and exchange rates in real-time and transact globally with ease.

"Verto's new API solution will turbocharge businesses globally, giving them the quickest and most efficient way to integrate local and international payments into their products," said Anthony Oduu, Co-Founder and CTO of Verto. "Our RESTful API has been designed with developers in mind to cut down the integration period while simultaneously allowing business owners to scale globally."

Commenting on the launch, CEO and Co-Founder, Ola Oyetayo, said: "Embedded finance is the next big thing for our industry. And embedded payments in particular are making life easier for businesses and consumers worldwide by completely streamlining the entry process, driving up customer satisfaction and unlocking new revenue opportunities for businesses. While embracing APIs is a big shift for the industry, our partners have shown great interest in this solution."

Source: Fintech Finance