Payoneer extends global payout partnership with Upwork

By Parth Prabhudesai

Payoneer and Upwork have extended their long-running partnership, with Payoneer continuing to support international payouts for freelancers using Upwork’s platform across global markets.

Under the renewed agreement, Payoneer will remain a primary wallet and direct-to-local-bank payout partner for both existing and new Upwork customers across Africa, Asia Pacific, Europe, Latin America, and the Middle East.

The expanded partnership will also focus on exploring stablecoin-enabled payouts, particularly for freelancers in Latin America and other emerging markets seeking faster access to funds. The companies said they would work together to assess how blockchain-based payment infrastructure could improve cross-border transactions for global talent.

In addition, both firms plan to explore opportunities to connect Upwork’s freelancer network with Payoneer’s small and medium-sized business customers, potentially creating new business opportunities across international markets.

Ya Wen, Senior Vice President of Global Marketplaces at Payoneer, said the partnership demonstrates how strong operational alignment and global payment infrastructure can simplify international transactions for freelancers and remote workers.

He added that Payoneer’s financial platform provides freelancers with access to services including global bank transfers, foreign exchange management, and multi-currency accounts to support cross-border business growth.

Payoneer currently operates through a network of nearly 100 banks and payment service providers, with services available across 190 countries and territories.

The renewed agreement reflects the growing demand for efficient cross-border payment solutions as freelance and remote work continue expanding globally. It also highlights increasing interest in stablecoin-based payment systems as FinTech firms explore faster and lower-cost alternatives to traditional international transfers.