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Payoneer introduces new product features to empower SMBs

By Gloria Mathias

December 21, 2023

  • Domestic Payments
  • Finance news
  • Fintech Product

Payoneer, SIngapore, MPI, MAS, MAjor Payments Institution, Monetary Authority of Singapore, Payments, SMEs, Domestic Payments, SMB, Fintech Product, SMB Payments, Finance News, USA News, US Fintech, Payoneer, the financial technology company empowering SMBs to transact, do business, and grow globally, has announced new features to improve the customer experience and help entrepreneurs easily connect with the global economy.

“SMBs trust us and grow with us because we’re constantly evolving to help them in ways that give them more control and flexibility,” said Oren Ryngler, Payoneer’s Chief Product Officer. “Our new ‘Add Funds’ feature gives customers more control of their finances by allowing them to add money into their Payoneer accounts directly from their bank accounts, ensuring they always have the necessary funds at their fingertips to make payments globally.”

Ryngler added, “Our new updates to Payoneer Checkout help customers accept online payments via their webstores safely and easily and can contribute to a higher rate of customer conversions. Our commitment to always elevating the customer experience enables SMBs to scale to new markets and thrive.

Key new features include:

  • More flexibility and control with Add Funds

The ‘Add Funds’ function marks a new development in Payoneer’s capabilities, helping customers better manage their finances. Payoneer customers can easily add single-currency funds directly from their local bank accounts to their multi-currency Payoneer accounts. This feature allows greater financial flexibility and control for SMBs to use their funds for ordering inventory, buying services, or paying contractors via their Payoneer account. This new capability is live in select countries in Latin America and Europe, with further rollout planned soon.

  • Smoother experiences with Payoneer Checkout

Payoneer Checkout is a solution that empowers SMB merchants to accept online payments seamlessly and securely from their global customers who shop for goods and services at their online stores.

  • Increased efficiency when managing payments

Other feature updates support multiple payment requests, giving Payoneer account holders greater flexibility and saving them time. The upcoming role management feature will help distribute workloads by letting account owners set up contributor roles for staff.

These product enhancements will help SMBs around the world increase payment efficiency and add greater flexibility and control.

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