Nuvei agrees to buy Payoneer for USD $2.75 billion

Nuvei has agreed to acquire Payoneer for USD $2.75 billion.

The deal would combine two payment companies with about USD $3 billion in annual revenue.

Under the agreement, Nuvei will buy all issued and outstanding Payoneer common shares for USD $7.40 per share in cash. Both boards have approved the transaction, which remains subject to shareholder and regulatory approvals, as well as other customary closing conditions.

The acquisition would combine Nuvei's payment acceptance business with Payoneer's cross-border payouts, multi-currency accounts, and banking network. The merged group is expected to process more than USD $500 billion in annual payment volume for more than 2.4 million customers.

The proposed combination targets businesses that need to accept, hold and move money across multiple markets. The combined platform would span more than 190 countries and territories and include stablecoin transactions.

Payoneer also adds a regulatory footprint across several jurisdictions, including licensing for online payment services in mainland China and in-principle authorisation as a cross-border payment aggregator in India under the Reserve Bank of India's framework.

Strategic fit

The companies pointed to growing demand from merchants and platforms for a broader set of financial services across local and cross-border commerce. They said the deal would let customers manage payments, fund transfers, card issuing, treasury management, and foreign exchange through a single provider. Payoneer's settlement network includes same-day and real-time settlement in more than 150 markets, according to Nuvei. The combined business would also serve customers operating on major digital commerce platforms, including Amazon, eBay, Walmart, Airbnb, Fiverr, Upwork, Etsy, ByteDance, Shopify and WooCommerce.

Phil Fayer outlined Nuvei's view of the transaction in a statement accompanying the announcement.

"The acquisition of Payoneer marks a defining step in Nuvei's evolution into a global financial infrastructure leader," said Phil Fayer, Chairman and Chief Executive Officer, Nuvei. "By combining complementary capabilities, we can offer businesses a more complete platform to accept payments, send funds, issue cards, manage treasury and FX needs, and access embedded financial services – at scale."

Payoneer's management described the deal as an extension of its push into broader cross-border financial services for businesses, particularly those operating in emerging markets and selling internationally.

"For two decades, Payoneer has earned the trust of millions of businesses in markets where trust takes years to build. We have transformed our business with extraordinary results, and our combination with Nuvei will extend what we can offer customers. Together, we will reach more businesses, in more markets, with a more complete platform," said John Caplan, Chief Executive Officer, Payoneer.

Market reach

Nuvei already connects businesses with customers in more than 190 countries and territories, with local acquiring in 52 markets, support for 150 currencies and more than 720 alternative payment methods. Payoneer adds millions of business customers who use its services to receive and send cross-border payments and manage funds in several currencies.

The scale of the combined group would make it a larger player in a payments market where providers are trying to offer merchants a broader range of services beyond card acceptance. Competition has intensified as businesses seek fewer providers to manage payment collection, payouts, foreign exchange and working capital across regions.

The deal also reflects continued interest in linking domestic payment infrastructure with cross-border disbursement networks. For online sellers, freelancers, marketplaces and digital platforms, the ability to move funds quickly between jurisdictions has become an increasingly important competitive factor.

Nuvei said the transaction would strengthen its position in emerging areas such as agentic commerce, stablecoin payments and platform-native financial services. Those areas remain in their early stages, but companies across the sector are increasingly testing new ways to handle settlement and fund movement outside traditional card rails.

Deal financing

BMO Capital Markets, RBC Capital Markets, Barclays, UBS and Wells Fargo are providing committed financing for the transaction. Goldman Sachs is acting as lead financial adviser to Nuvei, with Barclays also advising the buyer, while Qatalyst Partners is serving as exclusive financial adviser to Payoneer.

The companies expect the transaction to close in mid-2027, subject to the remaining approvals.