The deal will give Nuvei greater market access across an increasingly complex, cross-border landscape.
Payment platform Nuvei has confirmed plans to acquire Payoneer Global in a deal valued at roughly $2.75bn. The organisation previously confirmed that it had entered into “advanced talks” with Payoneer and that a future deal was likely.
As part of the deal, which is now a definitive 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 bn.
The acquisition combines Nuvei’s payment processing business with Payoneer’s cross-border payments solution, which according to Nuvei is needed in increasingly complex local and cross-border markets. In combining Nuvei’s payment capabilities with Payoneer’s cross-border payouts, the organisations aim to build a unified financial structure.
A key element of the deal is Payoneer’s established regulatory footprint which creates access to several global jurisdictions, particularly as the company holds multiple licenses and authorisations, including licensing for online payment services in mainland China and authorisation in principle as a cross-border payment aggregator in India.
