Verto's remittance solution allows you to use Verto to convert to local currency and payout locally on behalf of your users.

It is an all in one solution for remittance companies looking to expand to new countries and currencies quickly.

Key Benefits

• Verto supports multiple local currencies at the best rate.
• Verto is an all-in-one solution that supports both conversion to local currency and local payouts.
• Fast USD, EUR and GBP settlement timelines, so you never run out of float to deliver for your users.

How it works

• Fund the wallet you intend to debit for the conversions
• Fetch the latest exchange rate: Request the latest exchange rate using the currency pair.
• Create a beneficiary: Create a beneficiary using the bank account details of the receiver.
• Initiate FX Conversion: Initiate an FX conversion to the local currency and payout the beneficiary created.

Integration flow

Flow of funds