Verto, a global cross-border payments platform, has launched Verto Reserve to empower businesses to earn interest on their holdings in G10 and African currencies regardless of their country of incorporation.
According to the firm, customers can now fully utilise idle funds sitting in various currency wallets and accounts, achieving interest earnings of up to 10 percent and offering a unique opportunity for businesses to optimise their treasury management.
“We understand that businesses operating globally often hold significant balances in various currencies,” said Anthony Oduu, chief technology officer at Verto. “Verto Reserve is designed to make those funds work harder. We’re thrilled to offer a truly unique all-in-one solution that allows our customers to earn interest in key African and G10 currencies, even if they don’t have a local presence in those markets.”
