Global Payment Simplification for Emerging Markets with Atlas Suite, a new offering by Verto

In a significant stride towards simplifying financial transactions across Africa, Kenyan-based travel-tech platform Triply has integrated Atlas, an embedded cross-border payment solution, into its platform. This move enables customers to access faster, more reliable, and fully compliant financial services across multiple currencies and markets.

Atlas for Platforms, launched by Verto, offers a suite of API-first embedded finance solutions designed to address the complex and costly challenges of expanding into new markets and moving money, particularly in Africa. The solution allows non-financial businesses to embed financial services directly into their existing products, eliminating the need for licensing, expertise, and in-house development.

Businesses can now open local collection accounts across Africa using Atlas for Platforms. This feature is particularly beneficial for African financial institutions such as commercial banks, microfinance institutions, and payment service providers, who can directly integrate their platforms with Verto's banking infrastructure, FX, and payment system.

Atlas for Fintechs provides instant access to local accounts, deep FX liquidity, and compliant infrastructure across 49 currencies. This feature is crucial for financial institutions looking to avoid building internal solutions or securing multiple local licenses.

Atlas for Platforms supports last-mile payouts, allowing for instant bank transfers or mobile money executions. This feature ensures that payments made through Atlas can come out in businesses' names and are made to over 100 countries.

The Atlas Suite simplifies the operational, regulatory, and cost challenges of international transactions. It offers a rapid, cost-effective path to offering Africa-focused financial services to clients, as demonstrated by Atlas for Platforms providing white label brokers with this opportunity.

Moreover, Atlas for Platforms is fully compliant with regional regulations for last-mile payouts. This compliance ensures that businesses can expand into and out of Africa, process payments across the region, and unlock new opportunities for growth and cross-border trade without worrying about regulatory hurdles.

Remittance providers and payroll companies can also benefit from Atlas for Platforms, as it allows them to execute mass payments instantly via bank transfer or mobile money. The solution even enables the management of multiple sub-accounts with centralized treasury tools, further streamlining financial operations.

Atlas removes barriers in Africa, making it easier for businesses to navigate the complex landscape of cross-border payments and expand their operations across the continent. This development is expected to foster growth in African economies and promote cross-border trade.

Global Payment Simplification for Emerging Markets with Atlas Suite, a new offering by Verto