Nuvei acquires Payoneer to strengthen global commerce platform

By Milan Rojan

Nuvei has agreed to acquire Payoneer in a transaction valued at approximately $2.75 billion, bringing together two payments technology providers to create a unified platform supporting local and cross-border commerce.

The acquisition was designed to combine Nuvei’s global payment acceptance capabilities with Payoneer’s cross-border payment infrastructure and extensive network of small and medium-sized businesses, marketplaces and enterprise customers. The combined business is expected to strengthen payment services for merchants operating across international markets while expanding access to local payment methods and settlement capabilities.

John Caplan, Chief Executive Officer of Payoneer, said: “Joining forces with Nuvei marks an important milestone for our business. By combining our complementary capabilities, we will be better positioned to support customers with broader payment solutions and greater access to international markets.”

Under the agreement, Payoneer shareholders will receive a combination of cash and Nuvei shares, subject to customary regulatory approvals and closing conditions. Following completion of the transaction, Payoneer will become part of Nuvei, with both companies aiming to accelerate international growth and broaden their product offerings.

The combined platform was expected to support businesses throughout the payment lifecycle, including payment acceptance, cross-border payouts, merchant acquiring, treasury management, risk management and embedded financial services. The companies said the transaction is intended to simplify global commerce by providing merchants with a single platform for managing domestic and international payment flows.

Philip Fayer, Chair and Chief Executive Officer of Nuvei, said: “Together, we are creating a global platform that brings payment acceptance and cross-border payments together to better serve businesses of all sizes. This combination strengthens our ability to help customers expand internationally while simplifying the complexities of global commerce.”

The proposed acquisition has reflected continued consolidation across the global payments industry, as providers seek to expand international capabilities through integrated payment acceptance, cross-border transactions and embedded financial services. The companies expect the transaction to strengthen their competitive position as demand for seamless global commerce solutions continues to grow.