Authorisations & approvals

United Kingdom

VertoFX Ltd is authorised by the Financial Conduct Authority as an Electronic Money Institution under the Electronic Money Regulations 2011. Our FCA Firm Reference number is 901073.

United States of America

VertoFX Inc in the USA through a partnership with Global Innovations Bank a federally insured financial institution, to which VertoFX Ltd is a service provider. Charter #1856, FDIC Cert #5175.

VertoFX Inc is registered with FinCEN under Registration Number 31000283715400, and VertoFX Inc is a registered Money Transmitter in the states of Delaware (041774), Wyoming (7374) and Illinois (MT.0000513).

Services are provided via both MTL licences, and via partnership with Global Innovations Bank.

Nigeria

VertoFX Ltd (UK) is authorised as an International Money Transmission Operator (IMTO) by the Central Bank of Nigeria (CBN), with approval for in-bound person-to-person, business-to-person & business-to-business transaction types.

Kenya

VertoFX Ltd has a partnerships with UBA Kenya, Diamond Trust Bank Kenya and I&M Bank Kenya that are licensed and regulated by the Central Bank of Kenya to provide Cross Border Collection and Payment Services in East Africa. These partnerships have been approved by the Central Bank of Kenya.

South Africa

Verto SA (PTY) Ltd (2021/837445/07) is regulated as an authorised Financial Services Provider (FSP-52835) by the Financial Sector Conduct Authority (FSCA).

UAE

VertoFX Ltd (Dubai Branch) is authorised by the Dubai Financial Services Authority (DFSA Reference Number: F005704) for providing money services, advising or arranging on money services and carrying on authorised Financial Services with or for Retail Clients Holding or Controlling Client Assets.

Tanzania

VertoFX Ltd partners with locally licensed Payment Service Providers (PSPs) in Tanzania for domestic payment processing.