Canada’s Nuvei buys Payoneer for $2.75bn

Nuvei has agreed to acquire US paytech Payoneer in a cash deal valued at around $2.75 billion, with closing expected for mid-2027. For high-risk PSPs, the interesting bit is not the headline price; it is the combination of Payoneer’s cross-border stack, banking network, and Nuvei’s payment acceptance framework under one roof.

1. Under the joint statement, Nuvei will acquire “all of the issued and outstanding shares of common stock of Payoneer Global Inc. for $7.40 per share in cash,” putting the transaction equity value at around $2.75 billion.
2. The deal still needs approval from Payoneer shareholders, required regulatory approvals, and other customary closing conditions. The companies said completion is anticipated for mid-2027.
3. Payoneer, established in 2005, offers cross-border solutions that let users hold multi-currency accounts, make global payouts, and settle transactions in real time on the same day. Once the acquisition closes, Nuvei says it will integrate those capabilities and Payoneer’s banking network into its own payment acceptance framework.
4. The companies describe the result as a “unified financial infrastructure” supporting clients including Amazon, eBay, Walmart, and Fiverr. At close, they expect the combined company to generate approximately $3 billion in annual revenue and process more than $500 billion in annual payment volume for more than 2.4 million customers.
5. The acquisition also adds to Nuvei’s licensing portfolio. The company said it secured a crypto-asset service provider licence under the Markets in Crypto-Assets regulation in December, and is now also obtaining “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.”