5 Straightforward Ways to Make International Payments from Anywhere in Africa

As a business looking to participate in the global economy, the ability to make international payments is crucial. Whether you’re a small or medium scale business paying suppliers from different parts of the world or an enterprise outsourcing its operations overseas, efficient and reliable international payment methods are key to your business success. Verto offers four innovative and cost-effective solutions to simplify international payments and streamline your business-to-business financial operations.

1. International Payout: This solution allows businesses to make payments to suppliers, partners, employees, and service providers in their local currency as well as well in foreign currencies, for example sending USD to China. The method is available in over 50 different currencies, including USD, EUR, ZAR, JPY, CAD, AUD, NGN, and GBP.  This flexibility not only ensures a seamless payment process but also provides a cost-effective alternative to traditional bank transfers or wire transactions. This method is best for transactions between parties in different countries or regions. For example, a distributor of fast moving consumer goods in Nigeria paying suppliers and shippers in China.

2. Local Payout: Verto’s Local Payouts gives businesses the freedom to send local payments using local account details across currencies including DKK, GBP, USD, NGN, KES, XOF, XAF, TZS and UGX. With Verto’s Local Payouts, you experience zero sending fees, fast transactions and quick settlement time. This method is ideal for receiving payment from parties within the same country/area.  Consider a software development company based in the United Kingdom with a distributed team across various European countries. Utilising Verto's Local Payouts, the company can efficiently manage payroll transactions without incurring additional fees, creating a more cost-effective and streamlined payment process.

3. Multi-Currency Corporate Card: You can create virtual and physical Multi-Currency Cards in minutes and spend like a local online and offline; wherever your business takes you. This card enables you to make payment with funds from your multi-currency balance with zero international card transaction fees. You can shop instore and online in USD, EUR, GBP and CAD and make ATM withdrawals with the physical card without any extra charges. You can also control spending by creating spend limits and freeze the card at any time. It’s a true game-changer for you and your team that will keep your global operations running smoothly and reduce expensing friction. Learn more about Verto's multi-currency corporate card here.