Verto, a business-to-business (B2B) global payments platform, has partnered with Visa to launch a multi-currency corporate card designed to help African businesses manage international transactions and reduce foreign exchange (FX) costs.

The company said the new Verto Card would enable businesses to fund, spend and settle payments across multiple currencies, with zero FX markups on eligible currencies.

According to Verto, the card provides direct spending access across 11 currencies and indirect access to more than 160 additional currencies through Visa’s global payment network.

The company said the product was developed to address challenges faced by African businesses operating internationally, including cards restricted to a single settlement currency, undisclosed FX charges and payment declines.

The cards are linked directly to customers’ Verto wallets and can be used at more than 150 million merchants globally, allowing businesses to transact without manually transferring funds between currency wallets.

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

Verto said the product would particularly benefit small and medium-sized enterprises, importers, software-as-a-service companies and digital media buyers that regularly make international payments.

Chief Executive Officer and co-founder of Verto, Ola Oyetayo, said African businesses had faced limitations with existing corporate card products, particularly those tied to single currencies or prepaid payment structures.

“African businesses have been underserved by the card products that exist today,” Oyetayo said, adding that the partnership with Visa was intended to broaden access to corporate payment solutions for businesses engaged in international commerce.

The company said security features on the Verto Card include 3D Secure authentication through one-time passwords or in-app confirmation, while sensitive card information is retained within Verto’s platform.

Businesses can also apply controls based on transaction dates, times and merchant categories, giving companies greater oversight of corporate spending.

Shahebaz Khan, Senior Vice President and Head of Commercial and Money Movement at Visa, said the partnership reflected the growing need for payment solutions that combine international connectivity with locally relevant financial technology.

Verto also plans to integrate the cards with Google Pay and introduce a Cards-as-a-Service offering through its Atlas infrastructure.

The proposed service would allow fintech companies and banks to embed card issuance into their own platforms through white-label arrangements, supported by Verto’s licensing infrastructure and Visa’s payment network.