Nuvei has agreed to acquire Payoneer in an all-cash deal worth approximately $2.75 billion, bringing together two major players in the global payments space and creating one of the more significant consolidations the industry has seen in years.
Under the terms of the agreement, Nuvei will buy all outstanding shares of Payoneer at $7.40 per share in cash.
Both companies’ boards have approved the deal, which is expected to close in mid-2027 pending shareholder approval and regulatory clearance.
The deal pairs Nuvei’s payment acceptance technology with Payoneer’s cross-border payouts infrastructure, multi-currency accounts and banking network. Payoneer brings same-day and real-time settlement capabilities across more than 150 markets, something that significantly extends Nuvei’s existing global reach.
Together, the combined entity will support businesses operating on some of the biggest digital commerce platforms in the world, including Amazon, eBay, Walmart, Airbnb, Fiverr, Upwork, Etsy, ByteDance, Shopify and WooCommerce.
The deal is also designed to position the combined company for emerging areas of finance such as agentic commerce, stablecoin payments and platform-native financial services, all spaces that are becoming increasingly competitive across the payments industry.
One of the more notable elements of the deal is Payoneer’s regulatory standing across major global markets.
The company holds licences for online payment services in mainland China and has in-principle authorisation as a cross-border payment aggregator in India under the Reserve Bank of India’s regulatory framework. These kinds of licences typically take years to secure, making them a valuable asset in their own right rather than something easily replicated.
Payoneer has spent 20 years building a network of multi-currency accounts and cross-border payment tools, serving millions of businesses across more than 150 markets. That track record was front and centre in CEO John Caplan’s comments on the deal.
“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,” Caplan said.
Nuvei chairman and CEO Phil Fayer described the acquisition as a turning point for the company’s broader strategy. “The acquisition of Payoneer marks a defining step in Nuvei’s evolution into a global financial infrastructure leader. 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.”
By
Sam Reid
