Nuvei to Acquire Cross-Border Firm Payoneer for US$2.75bn

Payments technology giant Nuvei has signed a definitive agreement to acquire Payoneer in an all-cash transaction valued at approximately US$2.75bn. 

Under the terms of the deal, Nuvei will buy all issued and outstanding shares of Payoneer common stock for US$7.40 per share. 

The strategic move aims to create a comprehensive, global financial infrastructure capable of handling complex transaction lifecycles for businesses operating across local and international markets.

The acquisition combines Nuvei’s payment acceptance tech – which currently supports more than 720 alternative payment methods – with Payoneer’s cross-border payouts network, multi-currency accounts and established banking links. 

The combined entity will provide same-day and real-time settlement capabilities across more than 150 markets.

Building a global platform

As digital commerce increases in complexity, mid-market and enterprise businesses require financial partners that can handle everything from the initial checkout to final payout. 

This deal targets that demand directly by merging complementary product suites into a single, unified network

“The acquisition of Payoneer marks a defining step in Nuvei's evolution into a global financial infrastructure leader,” says Phil Fayer, Chairman and CEO of 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.”

The integrated network will support corporate clients operating across major digital commerce platforms such as Amazon, eBay, Walmart, Airbnb, Fiverr, Upwork, Etsy, ByteDance, Shopify and WooCommerce.

Regulatory footprint and future tech

A core asset in the transaction is Payoneer’s existing regulatory framework.

The company holds multiple licenses and authorisations in major jurisdictions worldwide. 

This includes licensing for online payment services in mainland China and an in-principle authorisation as a cross-border payment aggregator in India under the Reserve Bank of India's rules.

Financially, the deal allows Nuvei to scale its operations into new regions using these pre-existing regulatory approvals, reducing the time and cost required to secure independent licenses.

The combined infrastructure is also designed to support emerging financial models. 

Nuvei plans to use the expanded network to process agentic commerce, stablecoin payments and platform-native financial services, allowing corporate treasury teams to move funds across different payment types, settlement networks and jurisdictions.

John Caplan, CEO of Payoneer, says: “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.”

The boards of directors at both companies have approved the acquisition. The transaction is expected to close in mid-2027, subject to approval by Payoneer shareholders, the receipt of necessary regulatory clearances and other standard closing conditions. 

Until the deal completes, both firms will continue to operate as independent entities.

In connection with the transaction, BMO Capital Markets, alongside RBC Capital Markets, Barclays, UBS and Wells Fargo are providing committed financing.