ABBF’s Official Marketplace Kingmansa Partners with Verto for Local Currency Payments
Africa Bangladesh Business Forum (ABBF) Official Marketplace Kingmansa has partnered with Verto to enable secure local currency payment solutions for cross-border trade between Africa and Bangladesh.
This strategic collaboration is designed to simplify international B2B transactions, reduce currency friction, and strengthen structured trade flows across emerging markets.
Strengthening Africa–Bangladesh Trade Infrastructure
Trade between Africa and Bangladesh continues to expand across sectors such as:
- Ready-Made Garments (RMG)
- Textiles & Fabrics
- Pharmaceuticals
- Leather & Footwear
- FMCG & Consumer Products
However, one of the biggest challenges in cross-border trade remains payment complexity , including foreign exchange volatility, high transfer fees, and delayed settlements.
By integrating Verto’s local currency payment infrastructure into Kingmansa’s digital trade ecosystem, ABBF is addressing one of the most critical barriers in international commerce.
What This Partnership Means for Businesses
1.Local Currency Payment Capability
Businesses can now transact in supported local currencies, reducing:
- Exchange rate losses
- Double conversion costs
- Payment processing delays
This makes trade more predictable and financially manageable for exporters and importers.
2. Reduced Risk in Cross-Border Transactions
International payments often involve:
- Multiple intermediary banks
- Unclear fee structures
- Compliance bottlenecks
Through this partnership, transactions are structured, transparent, and aligned with regulated payment systems, helping businesses operate with greater confidence.
3. A More Integrated Digital Trade Ecosystem
Kingmansa is not just a listing platform. It operates as a structured digital export-import platform, connecting:
- Verified suppliers
- Global buyers
- Logistics partners
- Secure payment systems
With Verto’s infrastructure integrated, payment becomes a seamless part of the trade journey, from first contact to final settlement.
Why This Matters for Africa and Bangladesh
Africa represents one of the fastest-growing consumer markets globally, while Bangladesh continues to expand as a competitive export hub.
By removing payment friction, this collaboration:
- Encourages more SME participation in global trade
- Supports transparent and compliant cross-border transactions
- Accelerates real deal execution, not just connections
ABBF’s mission is to create structured, trusted trade bridges, and this partnership strengthens that foundation.
The Bigger Vision
The goal is simple:
Make international trade accessible, transparent, and secure, especially for emerging market businesses that traditionally face higher barriers in global commerce.
With Kingmansa as ABBF’s official marketplace and Verto enabling local currency settlement, businesses can now:
- Connect with verified trade partners
- Execute payments more efficiently
- Expand confidently into new markets
This is not just a payment integration.
It is a step toward a more reliable Africa–Bangladesh digital trade corridor.
