Nuvei has agreed to buy Payoneer in an all-cash deal worth $2.75 billion, a move that will significantly expand its global payments business and strengthen its position in cross-border financial services.
Under the agreement, Nuvei will pay $7.40 per share for all outstanding Payoneer shares. The deal has already been approved by the boards of both companies and is expected to be completed in mid-2027, pending shareholder and regulatory approval.
The acquisition brings together two major players in the payments industry. Nuvei specializes in helping businesses accept payments, while Payoneer is known for its global payout network, multi-currency accounts, foreign exchange services, and cross-border payment solutions.
By combining their services, the companies aim to create a single platform that allows businesses to accept payments, send money internationally, manage treasury operations, issue cards, and access a wide range of financial services through one network.
Nuvei CEO Phil Fayer described the acquisition as a major milestone for the company, saying it will help transform Nuvei into a global financial infrastructure leader. He added that the combined business will offer customers more tools and greater flexibility to manage payments and financial operations worldwide.
Payoneer operates in more than 150 markets and brings valuable capabilities such as same-day and real-time payment settlements. Its network supports millions of businesses and sellers that operate on major online platforms, including Amazon, eBay, Walmart, Airbnb, Fiverr, Upwork, Etsy, Shopify, WooCommerce, and ByteDance.
One of the key attractions for Nuvei is Payoneer’s strong regulatory presence around the world. The company holds licenses and approvals in multiple countries, including authorization to provide online payment services in China and approval to operate as a cross-border payment aggregator in India.
The companies also see future opportunities in emerging technologies. The combined platform is expected to support stablecoin payments, embedded financial services, and new forms of digital commerce that require money to move seamlessly across different countries and payment networks.
Payoneer CEO John Caplan said the company has spent more than 20 years building relationships with businesses around the world. He believes joining Nuvei will allow Payoneer to expand its reach and provide more services to customers globally.
Payoneer has also gained attention in the cryptocurrency sector. Last year, it became one of the approved distribution providers for repayments to customers affected by the collapse of FTX. Under that arrangement, Payoneer joined Kraken and BitGo in helping eligible creditors receive funds through the FTX recovery process after completing the required verification and onboarding steps.
If completed, the acquisition will create a larger global payments company with a broader international footprint and a stronger position in the rapidly growing digital payments market.
