Nuvei's Acquisition of Payoneer to Reshape Global Payments

Payments technology giant Nuvei has entered into a definitive agreement to acquire Payoneer in an all-cash deal worth approximately US$2.75bn.

As outlined in the agreement, Nuvei will purchase all issued and outstanding shares of Payoneer’s common stock at a price of US$7.40 per share.

The transaction is designed to establish a unified global financial infrastructure, enabling businesses to manage increasingly complex transaction lifecycles across both domestic and international markets.

By bringing together Nuvei’s payment acceptance capabilities – currently supporting more than 720 alternative payment methods – with Payoneer’s cross-border payouts network, multi-currency account offering and extensive banking relationships, the combined business aims to significantly broaden its reach.

Once completed, the merged entity is expected to deliver same-day and real-time settlement services across more than 150 markets.

Building a global platform

As digital commerce becomes increasingly complex, mid-market and enterprise organisations are seeking financial partners capable of managing the full transaction journey – from checkout through to final payout.

This transaction is positioned to meet that need by integrating complementary product capabilities into a single, cohesive 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 unified platform will support enterprise clients operating across leading digital commerce ecosystems, including Amazon, eBay, Walmart, Airbnb, Fiverr, Upwork, Etsy, ByteDance, Shopify and WooCommerce.

Regulatory footprint and future tech

A key component of the deal is Payoneer’s established regulatory framework.

The company holds a range of licences and authorisations across major global jurisdictions.

These include approval to operate online payment services in mainland China, as well as in-principle authorisation from the Reserve Bank of India to act as a cross-border payment aggregator.

From a financial perspective, the acquisition enables Nuvei to accelerate expansion into new markets by leveraging these existing regulatory permissions, significantly reducing the time and cost associated with securing licences independently.

The combined platform is also positioned to support next-generation financial use cases.

Nuvei intends to utilise the expanded infrastructure to facilitate agentic commerce, stablecoin transactions and platform-native financial services, giving corporate treasury teams greater flexibility to move funds across multiple 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 acquisition has been approved by the boards of directors of both companies and is expected to close in mid-2027, subject to Payoneer shareholder approval, required regulatory clearances and customary closing conditions.

Until completion, both organisations will continue to operate independently.

In connection with the transaction, committed financing is being provided by BMO Capital Markets, alongside RBC Capital Markets, Barclays, UBS and Wells Fargo.