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.

Commenting on the announcement, Phil Fayer, the chair and CEO of Nuvei said, “The acquisition of Payoneer marks a defining step in Nuvei’s evolution into a global financial infrastructure leader. 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.”

John Caplan, the CEO of Payoneer, added, “For two decades, Payoneer has earned the trust of millions of businesses in markets where trust takes years to build. We have transformed our business with extraordinary results and our combination with Nuvei will extend what we can offer customers. Together, we will reach more businesses, in more markets, with a more complete platform.”

The transaction has already been approved by the boards of directors at both Nuvei and Payoneer and the deal is expected to close in mid-2027, subject to customary closing conditions.

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