Verto Payout Currencies - Restricted Industries - 6th February 2024
Please refer to the below tables for the complete list of currencies we now support for payouts. Note, the below list relates to restricted industry customers only.
Up to date as of 6th February 2024. Please note, this table is subject to change.
Standard Payment Offering
Table 1 includes all payout currencies available as standard to restricted industry customers.
Table 1 |
|
1st Party Payments - Intercompany Payments (To Your Company's Named Account) | 3rd Party Treasury and Operational Payments |
USD | USD |
NGN | NGN |
KES | KES |
XOF | XOF |
XAF | XAF |
UGX | UGX |
TZS | TZS |
GBP (within the UK) | GBP (within the UK) |
EUR (within the SEPA region) | EUR (within the SEPA region) |
How we define different payment types
We define the different payment types as stated below:
1st party - Intercompany payments, where you are transferring to an account in your own company name.
3rd party - Payments made to beneficiaries not in your own company name, for treasury and operational purposes. For example, using your own company funds to pay for goods and services.
4th party - where there is a nested relationship involved in the transaction. This is where the ultimate sender of the funds is your underlying customer or another party where we do not hold a direct relationship with them.
Document Version 1