Nuvei to acquire stablecoin payments platform Payoneer for $2.75B

Nuvei has agreed to acquire Payoneer in a $2.75 billion all-cash deal, adding the cross-border payments firm’s global payout network and regulatory licenses to its financial infrastructure business.

According to a joint announcement from the companies on June 15, Nuvei will pay $7.40 per share for all outstanding Payoneer shares, valuing the Nasdaq-listed payments company at approximately $2.75 billion. The boards of both firms have approved the transaction, which is expected to close in mid-2027 subject to shareholder and regulatory approvals.

By bringing Payoneer under its umbrella, Nuvei plans to combine payment acceptance services with cross-border payouts, multi-currency accounts, treasury tools, and foreign exchange capabilities. The companies said the combined platform will support businesses operating across local and international markets through a single financial infrastructure network.

“The acquisition of Payoneer marks a defining step in Nuvei’s evolution into a global financial infrastructure leader,” Phil Fayer, chairman and chief executive officer of Nuvei, said in the announcement. 

Fayer added that combining the two businesses would allow Nuvei to offer customers a more complete platform for accepting payments, sending funds, issuing cards, managing treasury and foreign exchange needs, and accessing embedded financial services at scale.

Operating across more than 150 markets, Payoneer adds same-day and real-time settlement capabilities as well as an established banking and payments network. According to the announcement, the combined company will serve merchants and sellers active on major digital commerce platforms including Amazon, eBay, Walmart, Airbnb, Fiverr, Upwork, Etsy, ByteDance, Shopify, and WooCommerce.

Regulatory footprint and cross-border reach

Among the assets attracting Nuvei is Payoneer’s regulatory presence in multiple jurisdictions. The company holds licenses and authorizations across several markets, including approval for online payment services in mainland China and authorization in principle to operate as a cross-border payment aggregator in India under the Reserve Bank of India’s framework.

Company executives also pointed to emerging payment trends as a reason for the transaction. According to the announcement, the combined business is expected to support stablecoin payments, platform-native financial products, and agentic commerce applications that require funds to move between different payment networks and jurisdictions.

John Caplan, chief executive officer of Payoneer, said the company had spent two decades building relationships with businesses across global markets. Caplan said joining Nuvei would allow the company to expand its services and reach additional customers worldwide.

Last year, FTX announced that Payoneer would become an optional distribution provider for eligible customers seeking reimbursement through the bankrupt exchange’s Chapter 11 reorganization process.

Under that arrangement, Payoneer joined Kraken and BitGo as the third distribution service provider working with FTX Recovery Trust. Eligible creditors who choose Payoneer can receive approved distributions through linked bank accounts after completing identity verification, tax documentation, and onboarding requirements through the FTX claims portal.