Payoneer

A receiving account gives a business local bank details in a foreign currency, so a client or marketplace abroad pays it like a domestic supplier. Payoneer lets businesses get paid in more than 70 currencies, and money from Amazon, Walmart, eBay, Upwork, Fiverr and hundreds of other marketplaces lands directly in the Payoneer balance of the seller. The receiving account feeds a multi-currency balance that the business converts with Smart FX, spends by card or withdraws to its own bank account in local currency.

Marketplaces and platforms use the Payoneer mass payout service to send their sellers and freelancers earnings in 150 local currencies to more than 200 countries and territories. Payoneer screens each payee against several sanctions lists, runs the KYC checks and collects tax forms, and the payee receives the money in a Payoneer wallet, by local bank transfer or on a prepaid debit card. On 14 May 2026 Payoneer and Upwork extended their partnership of 15 years, under which Payoneer stays a primary wallet and "Direct to Local Bank" payout partner for freelancers in Africa, Asia Pacific, Europe, Latin America and the Middle East.

Payoneer also serves companies that make cross-border B2B payments, billing clients abroad or paying suppliers and contractors in other countries. A business sends payment requests and invoices from its account or shares a payment link, and the client pays by credit card, local bank transfer or ACH bank debit. For outgoing payments, the business pays in the currency of its choice to more than 190 countries and territories, with up to 1,000 payments in one batch, and it can pay VAT in several countries from the same account.

B2B grew faster than the marketplace business of Payoneer in 2025. Revenue from B2B customers rose 28 percent to $237 million, while revenue from small businesses that sell on marketplaces grew 8 percent to $469 million. Over the whole year Payoneer processed a volume of $87.5 billion, and at the end of 2025 it held $7.9 billion in customer funds. Payoneer also offers working capital to selected small businesses, typically between $500 and $10 million.

Payoneer serves its customers in the European Economic Area through its Irish subsidiary Payoneer Europe Limited. The Central Bank of Ireland lists the company under reference number C189473 as an e-money institution authorized under the European Communities (Electronic Money) Regulations 2011. Under EU passporting, the license covers all EEA countries, so Payoneer Europe Limited serves businesses from Germany to Poland under one authorization. Payoneer Europe Limited is also an approved issuer of Mastercard and issues the Payoneer Business Premium Debit Mastercard from Ireland.

Outside the EEA, the regulated companies of the group include Payoneer Inc. as a money services business registered with FinCEN in the US and licensed or registered entities in Hong Kong, Japan, Australia, India and Singapore. Payoneer extended its European presence in January 2026 when it acquired Boundless, an employer of record platform from Ireland that handles payroll, taxes and benefits for staff abroad. Payoneer had entered workforce management in August 2024 with the purchase of Skuad, and Boundless now adds employment services in Europe.

On 17 February 2026 Payoneer announced stablecoin capabilities inside its platform, built with Bridge, the stablecoin infrastructure company that Stripe acquired in February 2025. Businesses are to receive, hold and send stablecoins through their Payoneer account and withdraw the funds to a local bank account, starting in select markets in the second quarter of 2026. In the same month Payoneer applied to the Office of the Comptroller of the Currency for an uninsured national trust bank in the US to support these plans.

Upwork joined Payoneer in May 2026 as a design partner to explore stablecoin payouts for its freelancers. For a business that sells across borders, stablecoin payments settle around the clock, while bank transfers between currencies depend on the cut-off times of the banks in each corridor.

Payoneer is a financial platform for cross-border business payments, used by small and medium-sized businesses, freelancers and marketplaces in more than 190 countries and territories. The platform combines receiving accounts, marketplace payouts, B2B payments, cards and working capital in one account.

A business opens a Payoneer account, receives local account details in foreign currencies and connects the account to the marketplaces and clients that pay it. The money arrives in a multi-currency balance, from which the business pays suppliers, converts currencies, spends with a physical or virtual Payoneer card or withdraws to its local bank account.

Payoneer Checkout lets small businesses in certain jurisdictions accept payments from customers worldwide on their own website, and its revenue grew 55 percent to $35 million in 2025. Payoneer cards draw directly on the account balance, and customers spent $6.1 billion with them in 2025, 18 percent more than a year earlier.

Businesses in Germany and the rest of the EEA receive their Payoneer services from Payoneer Europe Limited, which works under its Irish e-money license. In the UK, Payoneer Payment Services (UK) Limited is an e-money institution authorized by the Financial Conduct Authority under reference number 966835.

Payoneer Global Inc. is the parent company of the group and a public company listed on Nasdaq under the ticker PAYO. Its headquarters are at 195 Broadway in New York, and the group employs more than 2,500 people in 35 countries.