Nuvei to Buy Payoneer for $2.75B, Adds Cross-Border Payout Rails

Nuvei has agreed to acquire Payoneer in a $2.75 billion all-cash deal, adding the cross-border payments firm's global payout network and regulatory licenses to its financial infrastructure business.

The boards of both companies approved the transaction on June 15. Nuvei will pay $7.40 per share for all outstanding Payoneer shares, valuing the Nasdaq-listed firm at roughly $2.75 billion. The deal is expected to close in mid-2027, subject to shareholder and regulatory approvals.

By bringing Payoneer under its umbrella, Nuvei plans to combine payment acceptance services with cross-border payouts, multi-currency accounts, treasury tools, and foreign exchange capabilities. The combined platform will support businesses operating across local and international markets through a single financial infrastructure network, the companies said.

"The acquisition of Payoneer marks a defining step in Nuvei's evolution into a global financial infrastructure leader," Phil Fayer, chairman and CEO of Nuvei, said in the announcement. He added that combining the two businesses would let Nuvei offer a more complete platform for accepting payments, sending funds, issuing cards, managing treasury and FX needs, and accessing embedded financial services at scale.

Payoneer operates across more than 150 markets, adding same-day and real-time settlement capabilities. It holds licenses and authorizations in multiple jurisdictions, including approval for online payment services in mainland China and authorization in principle to operate as a cross-border payment aggregator in India under the Reserve Bank of India's framework. Those regulatory slots are a key part of the deal's value.

The combined company will serve merchants and sellers active on major digital commerce platforms including Amazon, eBay, Walmart, Airbnb, Fiverr, Upwork, Etsy, ByteDance, Shopify, and WooCommerce.

Company executives also pointed to emerging payment trends as a reason for the transaction. According to the announcement, the combined business is expected to support stablecoin payments, platform-native financial products, and agentic commerce applications that require funds to move between different payment networks and jurisdictions.

Last year, FTX announced that Payoneer would become an optional distribution provider for eligible customers seeking reimbursement through the bankrupt exchange's Chapter 11 reorganization process. Under that arrangement, Payoneer joined Kraken and BitGo as the third distribution service provider working with FTX Recovery Trust. Eligible creditors who choose Payoneer can receive approved distributions through linked bank accounts after completing identity verification, tax documentation, and onboarding through the FTX claims portal.

John Caplan, CEO of Payoneer, said the company had spent two decades building relationships with businesses across global markets. Joining Nuvei would allow Payoneer to expand its services and reach additional customers worldwide, Caplan said.

The deal's long close window means integration risk and regulatory hurdles in China and India will take time to resolve. For merchants and marketplaces using Payoneer, the change in ownership could shift fee structures or payout timelines, though Nuvei has not detailed post-close plans.