Verto, a leading provider of global payment solutions, today announced the launch of Auto Exchange, a new feature designed to help rate-sensitive customers secure their target foreign exchange (FX) rates without constant monitoring.
This innovative tool enables users to set their desired exchange rate and trade amount within the Verto platform, allowing for automatic execution when the platform rate reaches their specified level.
Recognizing that many businesses prioritize achieving the most favorable exchange rates and often spend valuable time tracking market fluctuations, Auto Exchange provides a seamless and efficient solution.
Also read, Cross-border Payment Platform Verto Unveils Verto Reserve
By automating the monitoring and execution process, the platform empowers customers to capture their target rates even when they are not actively logged into the platform. With this, they can optimise their time, while reducing missed opportunities.
“We’re thrilled to introduce Auto Exchange, a feature designed to bring both efficiency and peace of mind to our customers’ FX operations,” says Verto Product Director Tomasz Bilakiewicz.
“No more constant refreshing or fear of missing a target rate. With Auto Exchange, businesses can set their parameters and trust Verto to execute automatically, allowing them to focus on what truly matters – growing their business.”
How Auto Exchange Works
Verto users can easily set up Auto Exchange orders within the platform by specifying:
- The currency pair for exchange.
- Their desired target exchange rate.
- The amount they wish to exchange.
- The direction of the exchange (e.g., GBP to USD).
Access Verto’s exchange platform here
Auto Exchange is part of a suit of FX solutions offered by cross-border payment platform. With the ability to exchange with bank-beating rates across 49 currencies, the platform is revolutionising cross-border payments with a focus one merging markets.
Discover more about platform’s FX solutions here
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