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Nuvei and Payoneer (Nasdaq: PAYO) have announced a definitive agreement under which Nuvei will acquire Payoneer.
Under the terms of the agreement, Nuvei will acquire all of the issued and outstanding shares of common stock of Payoneer Global Inc. for $7.40 per share in cash, representing a total transaction equity value of approximately $2.75 billion.
Phil Fayer, Chairman and Chief Executive Officer, Nuvei commented:
"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."
As commerce becomes more complex across local and cross-border markets, businesses need infrastructure that can support the full transaction lifecycle. The transaction combines Nuvei's payment acceptance capabilities with Payoneer's cross-border payouts, multi-currency accounts and banking network, along with same-day and real-time settlement in more than 150 markets.
Together, the companies will create financial infrastructure built on existing payment rails, supporting customers that do business across digital commerce platforms including Amazon, eBay, Walmart, Airbnb, Fiverr, Upwork, Etsy, ByteDance, Shopify, and WooCommerce.
A key component of this infrastructure is Payoneer's regulatory footprint across major jurisdictions around the world. Payoneer holds multiple licences and authorisations, including licensing for online payment services in mainland China and authorisation in principle as a cross-border payment aggregator in India under the Reserve Bank of India's regulatory framework.
The transaction is also intended to strengthen Nuvei's ability to support emerging financial models, including agentic commerce, stablecoin payments, and platform-native financial services. These capabilities are expected to help businesses move funds across payment types, settlement networks, and jurisdictions.
John Caplan, Chief Executive Officer, Payoneer said:
"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 transaction has been approved by the Boards of Directors at Nuvei and Payoneer.
The transaction is expected to close in mid-2027, subject to approval by Payoneer's shareholders, receipt of required regulatory approvals, and other customary closing conditions.
Goldman Sachs & Co. LLC is serving as lead financial advisor to Nuvei. Barclays Capital Inc. has also provided financial advice to Nuvei. Simpson Thacher & Bartlett LLP and Stikeman Elliott LLP are serving as legal counsel to Nuvei. Qatalyst Partners is serving as exclusive financial advisor to Payoneer. Davis Polk & Wardwell LLP is serving as legal counsel to Payoneer.
BMO Capital Markets, RBC Capital Markets, Barclays, UBS, and Wells Fargo are providing committed financing in connection with the transaction.
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