NAIOBI, Kenya, June 17 – Cross-border payments platform Verto has launched Verto Reserve, a new treasury feature that allows businesses to earn up to 10% interest on idle funds held in both G10 and African currencies—regardless of where they are incorporated.
The offering is designed to help businesses better manage liquidity by converting unused balances into interest-earning assets. Verto says the feature removes the need for companies to establish local entities to access local currency rates.
Verto Reserve is available through partnerships with licensed financial institutions in Kenya and Nigeria, enabling the company to offer deposit-taking services in those jurisdictions.
“We understand that businesses operating globally often hold significant balances in various currencies,” said Anthony Oduu, Verto’s Chief Technology Officer. “We’re offering a unique all-in-one solution that enables our customers to earn interest while managing cross-border payments.”
The new service integrates directly into Verto’s platform, allowing users to carry out payments and access yield-bearing accounts from the same interface. It targets businesses seeking to optimize treasury functions while operating in multiple markets.
Verto says the feature is especially useful for companies managing multiple currency accounts across different countries, offering a competitive edge through better capital efficiency.
By Felix Kipkirui
