Company Overview

Payoneer was founded in 2005 by Yuval Tal in Tel Aviv, Israel. It is a leading global cross-border payment platform supporting 190+ countries and 150+ currencies, serving over 5 million users including freelancers, SMBs, e-commerce sellers, and digital marketplaces. In 2021, Payoneer went public on NASDAQ (PAYO) via a SPAC merger with PSTH.

Payoneer's mission is to "make global commerce possible" by simplifying cross-border money movement and helping businesses and individuals send and receive payments globally with ease.

Related providers: Payoneer

Core Products

  • Payoneer Account: Multi-currency cross-border receiving account supporting USD, EUR, GBP, JPY and more
  • Payoneer Checkout: Online merchant payment processing supporting global credit cards and local payment methods
  • Payoneer Billing Service: Mass payout service enabling businesses to pay global partners and freelancers in bulk
  • Payoneer Working Capital: Transaction-data-based business loans providing working capital for sellers
  • Payoneer API: Open API for integrating cross-border payment capabilities into your platform

Core Strengths

Multi-Currency: 150+ currencies supported, easy multi-currency fund management
Global Network: Coverage across 190+ countries connecting the global payment ecosystem
Fast Settlement: Local clearing networks accelerate fund transfers for faster arrival
Regulatory Compliance: Holds multiple regulatory licenses worldwide ensuring fund safety
Open Integration: Comprehensive API for deep enterprise integration

Key Milestones

  • 2005: Payoneer founded by Yuval Tal in Tel Aviv, Israel
  • 2014: Acquired Armor Payments, enhancing enterprise payment capabilities
  • 2019: Acquired optile, a German payment technology company, expanding into European payments
  • 2021: Listed on NASDAQ (PAYO) via SPAC merger with PSTH
  • 2026: Continues expanding global payment network, serving 5M+ users

Market Position

Payoneer competes with the following providers in the global cross-border payment market:

  • PayPal: Direct competitor in cross-border receivables and e-commerce payments
  • Stripe: Competes in online merchant payment processing and API payments
  • Wise (formerly TransferWise): Competes in multi-currency transfers and cross-border fund management
  • Skrill: Competes for market share in digital wallets and cross-border payments
  • Revolut: Competes in SMB cross-border financial services
  • Airwallex: Competes in cross-border e-commerce payments and API payment infrastructure