The companies have entered into a definitive agreement for the acquisition and expect the transaction to close in mid-2027, subject to approval by Payoneer’s shareholders, regulatory approvals and other customary closing conditions, they said in a Monday (June 15) press release.
The planned acquisition will combine Nuvei’s payment acceptance capabilities and Payoneer’s cross-border payouts, multi-currency accounts and banking network, same-day and real-time settlement in 150 markets, and regulatory footprint across major jurisdictions around the world, according to the release.
This combination will create an always-on, unified financial infrastructure built on trusted rails and will strengthen Nuvei’s ability to support agentic commerce, stablecoin payments, platform-native financial services and other emerging financial models, per the release.
Nuvei Chairman and CEO Phil Fayer said in the release that the acquisition furthers the company’s evolution into a leader in global financial infrastructure.
“By combining complementary capabilities, we can offer businesses a more complete platform to accept payments, send funds, issue cards, manage treasury and FX [foreign exchange] needs, and access embedded financial services — at scale,” Fayer said.
Payoneer CEO John Caplan said in the release that Payoneer has earned the trust of millions of businesses over two decades and that the combination with Nuvei will extend what Payoneer can offer customers.
“Together, we will reach more businesses, in more markets, with a more complete platform,” Caplan said.
It was reported June 9 that Nuvei was in talks to acquire Payoneer. The report said that payments firms are increasingly looking to scale through mergers and acquisitions, along with exposure to faster-growing segments such as cross-border and B2B payments, as growth in traditional payment processing slows.
In some other recent moves, Nuvei received approval to operate under the European Union’s new regulatory framework for cryptocurrency, boosted its global processing capabilities by migrating core services to Microsoft Azure, and began processing merchant transactions via Wero, the European Payment Initiative’s digital wallet that delivers instant account-to-account payments across Europe.
Meanwhile, Payoneer announced in February that it applied to the Office of the Comptroller of the Currency to open a digital bank and that it added stablecoin capabilities for cross-border businesses.
