Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeInnovationNuvei to buy digital payment platform Payoneer for US$2.75 billionDeal will expand Canadian company’s reach to more than 190 countriesLast updated 33 minutes ago You can save this article by registering for free here. Or sign-in if you have an account.Phil Fayer, founder and chief executive officer of Nuvei Corp., speaks during the Canada FinTech Forum in Montreal, Quebec, Canada, on Sept. 26, 2023. Photo by Allen McInnis/BloombergPayment technology firm Nuvei Corp. has agreed to acquire the U.S. cross-border payment platform Payoneer Global Inc. for US$2.75 billion in a deal that expands the Canadian company’s reach to more than 190 countries.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe agreement offers Payoneer shareholders US$7.40 cash per common share, which represents a 44 per cent premium from last week’s share price.Nuvei, based in Montreal, and Payoneer, based in New York, process payments for individuals and companies, including through stablecoins. Together, they are expected to generate about US$3 billion in annual revenue.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again“The acquisition of Payoneer marks a defining step in Nuvei’s evolution into a global financial infrastructure leader,” Phil Fayer, chief executive of Nuvei, said in a news release. “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.”Nuvei said the deal provides a regulatory footprint in China and offers authorization in principle in India, while also supporting emerging financial markers, such as cryptocurrencies.It will also open the door for Nuvei to work with major e-commerce firms such as Amazon.com Inc., eBay Inc., Walmart Inc., Shopify Inc. and Airbnb Inc.The deal is scheduled to close in the middle of 2027, pending Payoneer shareholder and regulatory approvals.With file from Bloomberg News Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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