Verto partners with Acquired to deliver a multi-currency digital wallet solution

By Joy Dumasia

Verto, the leading B2B cross-border foreign exchange (FX) and payments enabler, announced a partnership with payments specialist Acquired to deliver their innovative eCommerce wallet top-up and payment functionality. 

The cross-border payments industry has traditionally been associated with high transaction costs and complex processing. Verto’s fully integrated platform allows companies to access very competitive FX rates and send and receive money at scale, facilitating rapid business payments worldwide. 

The collaboration between Verto and Acquired will enable instant top-up payments and payment collections worldwide through a combined eCommerce top-up and pay-by-link solution. This solution will support Verto’s clients, top-up their digital wallets and multi-currency accounts through card payments and collect payments in different currencies. This industry-leading solution will accelerate suppliers’ time-to-market as they can manage costs much more efficiently. 

Irakli Menabde, VP of Product and Analytics at Verto, said: “We are delighted to take the first step into another vertical and venture into the payments space. Ecommerce is a rapidly growing space, especially in the Emerging Markets, and Verto aims to become one of the world’s leading enablers across payments and foreign exchange.” 

He continued: “We knew that Acquired would be the right fit for us because of their focus on customer support and communication, which is second-to-none in the payment processing space. We have really benefitted from their dedicated integration team and account management through the onboarding process. Choosing a partner with multi-acquirer connectivity was a must, as we have ambitious global growth plans.” 

Grant Evans, Head of Partnerships at Acquired, commented: “We are excited to be supporting Verto as they expand their global reach. Our industry-leading payments solutions are built for scale and are supported by an exemplary customer-centric service. Verto have seen the tangible value in our multi-Acquirer connectivity and unrivalled customer support team. This partnership also strengthens our footprint within the FinTech community, and we are looking forward to supporting this thriving business as they expand over the coming years.”

IBS Intelligence recently reported that Verto had announced its expansion with the appointment of the new Chief Operating Officer, Tim Rudman. The pioneering company brings cross-border payment solutions to the world’s fastest-growing organisations and is on a mission to help businesses of all sizes access innovative banking solutions.