Payoneer empowers global commerce by connecting businesses, professionals, countries and currencies with its cross-border payment platform.
Payoneer is a financial services company that provides online money transfer and digital payment services and working capital solutions. Account holders can send and receive funds into their bank account, Payoneer e-wallet, or onto a re-loadable prepaid MasterCard debit card that can be used online or at points-of-sale. The company specializes in facilitating cross-border B2B payments. It provides cross-border transactions in 200 countries and territories and more than 150 local currencies, with its cross border wire transfers, online payments, and refillable debit card services.
Companies like Airbnb, Amazon, Google and Upwork use Payoneer to send mass payouts around the world. It is also used by eCommerce marketplaces such as Walmart and Wish.com, freelance marketplaces such as Fiverr and Envato, and works with ad networks to connect these firms with publishers based outside of their headquartered country.
In the content creation space, Payoneer works with Getty Images, iStock, Pond5, and others as well as in the and freelance marketplace. The company is headquartered in New York City. As of 2019 the company employed approximately 1,200 people in 14 offices around the world.
A coalition of 40 blockchain-based companies including Ripple, Brave and Huobi joined forces to develop and expand PayID, an email-style money transfer system that will redefine the future of borderless and secure money transfer.
The current investment is an important step Payoneer takes to outperform companies increasingly digitizing operations.
The New York-based financial services business has integrated escrow-as-a-service platform to enable secure B2B payments.