Case Study

How Total Secure Automation Ltd boosted international trade with Verto FX

Total Secure Automation Ltd, a physical security supplier wanted to expand its footprint in international markets. However, one of the primary challenges faced was dealing with exotic currencies. Customers in countries like Equatorial Guinea and Cameroon, which use the Central African Franc (XAF), were unable to complete transactions seamlessly due to the lack of a straightforward currency conversion mechanism. This not only limited their ability to secure sales but also created inefficiencies in payment processes.

The main hurdle was accepting payments in the local currencies of customers. Traditional banking solutions were either unavailable or prohibitively expensive, with high transaction fees and lengthy processing times. This created a barrier to building trust with potential clients in Total Secure Automation Ltd’s target market and limited its ability to tap into lucrative markets.

Case study-TSA

Products Used

  • Local Account
  • FX

“Verto has been a game-changer for our business. By addressing the challenges of receiving and converting exotic currencies, the platform has enabled us to expand our reach, enhance customer satisfaction, and boost our bottom line,” says Richard Lace, Managing Director, Total Secure Automation Ltd.

The Process

Total Secure Automation Ltd partnered with Verto FX, a fintech specializing in cross-border payments and exotic currency conversions. With Verto’s streamlined solutions, they were able to receive payments in exotic currencies, such as the Central African Franc, and convert them seamlessly into GBP. 

Total Secure Automation Ltd made special use of the Verto platform’s benefits, including:

  • User-friendly interface

  • Competitive rates

  • Robust security features

Onboarding and implementation

For Total Secure Automation Ltd, integrating Verto into its payment process was straightforward and efficient. The platform enabled their customers in Equatorial Guinea and Cameroon to make payments in their local currency without any hassle. 

Upon receiving the payments in XAF, Verto facilitated instant conversions into GBP, which were then deposited into Total Secure Automation’s business account. This eliminated the need for intermediaries and minimized transaction delays.

Results

Since adopting Verto FX, Total Secure Automation Ltd experienced significant improvements in international trade operations. 

Benefits

  • Expanded Market Reach

Total Secure Automation Ltd successfully secured sales in Equatorial Guinea and Cameroon – regions previously considered difficult to penetrate due to currency limitations.

  • Cost Savings

By eliminating the need for traditional banking solutions, we reduced transaction fees and administrative costs associated with currency conversions.

  • Increased Revenue

The ability to accept payments in local currencies has opened up new revenue streams, contributing to overall business growth.

  • Customer Satisfaction

Total Secure Automation Ltd’s clients have expressed appreciation for the ease of making payments in their local currency, enhancing trust and loyalty.

  • Security and Reliability

Verto's robust security measures have ensured the safety of all transactions, giving both Total Secure Automation Ltd and customers peace of mind.

Conclusion

Our success in Equatorial Guinea and Cameroon is a testament to the platform's effectiveness, and we look forward to leveraging Verto FX as we continue to grow in other international markets.

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