- Nuvei acquires Payoneer for $2.75 billion, aiming to close the deal in mid 2027.
- The merger combines acceptance and cross-border payout capabilities, targeting over $3 billion in annual revenue.
- The combined entity will process over $500 billion in annual payment volume across 190+ countries.
- Both companies have stablecoin payment capabilities, with Nuvei being an early partner for VISA and Mastercard’s stablecoin programs.
In a major consolidation within the payments sector, payment technology firm Nuvei has agreed to acquire cross-border payments platform Payoneer for $2.75 billion in cash. This deal, set to close in mid 2027 pending approvals, creates a combined powerhouse processing more than $500 billion annually across over 190 countries.
The merger brings together Nuvei‘s payment acceptance capabilities with Payoneer‘s cross-border payouts and multi-currency banking network. Consequently, the combined platform is expected to serve more than 2.4 million customers and generate approximately $3 billion in annual revenue.
Both companies have been actively developing stablecoin capabilities, making this combination particularly significant for digital asset payment flows. Nuvei has been among the most active acquirers in the stablecoin space, as reports indicate.
When Visa and Mastercard each launched stablecoin settlement programs for card transactions, Nuvei was a first-mover acquirer participating in both. Meanwhile, it also serves as a partner to Rain, the stablecoin-powered card platform.
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