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((Short description|Financial services company))
((Advert|date=August 2023))
((Infobox company
| name = Payoneer Global Inc.
| logo = Payoneer logo.svg
| type = [[Public company]]
| traded_as = ((ubl|((NASDAQ|PAYO))|[[List of S&P 600 companies|S&P 600]] component))
| founded = ((Start date and age|2005))
| location = [[New York City]], U.S.
| founder = [[Yuval Tal]]<ref name="Ravet">((Cite web|url=https://www.calcalistech.com/ctech/articles/0,7340,L-3764913,00.html|title=Payoneer Will Do Anything to Partner With Libra, Says Founder|last=Ravet|first=Hagar|date=2019-06-24|website=[[Calcalist|CTech]]|access-date=2019-11-26))</ref>
| key_people = ((Plainlist|
* Keren Levy<ref name="PYMNTS, new pres">((cite web |title=Payoneer Names Keren Levy President, Pamela Patsley to Board |url=https://www.pymnts.com/personnel/2021/payoneer-names-keren-levy-president-pamela-patsley-to-board/ |publisher=PYMNTS |access-date=12 September 2021))</ref><br />(President)
* Scott Galit<ref name="Clifford">((Cite web|url=https://www.cnbc.com/2018/12/24/payoneer-ceo-why-single-global-currency-like-bitcoin-is-not-realistic.html|title=This is why a single global currency (like bitcoin) won't happen, says online payments company CEO|last=Clifford|first=Catherine|date=2018-12-28|website=CNBC|language=en|access-date=2019-11-26))</ref><br />(co-CEO)
* John Caplan<ref>((cite press release |url=https://www.bloomberg.com/press-releases/2022-05-25/payoneer-appoints-john-caplan-as-co-ceo |title=Payoneer Appoints John Caplan as Co-CEO |date=25 May 2022 |via=[[Bloomberg News]]))</ref><br />(co-CEO)
* Arnon Kraft<ref name="PYMNTS, new pres"/><br />(COO)
))
| num_employees = 1,871 (December 2021)
| revenue = ((increase)) ((US$|473 million|link=yes)) (2021)
| operating_income = ((decrease)) ((US$|-30 million)) (2021)
| net_income = ((decrease)) ((US$|-34 million)) (2021)
| assets = ((increase)) ((US$|5.08 billion)) (2021)
| equity = ((increase)) ((US$|487 million)) (2021)
| services = Online payment, International money transfer
| website = [https://payoneer.com/ Payoneer.com]
| footnotes = <ref name=10K>((cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1845815/000155837022002812/payo-20211231x10k.htm |title=Payoneer Global Inc. 2021 Annual Report (Form 10-K) |date=3 March 2022 |publisher=[[U.S. Securities and Exchange Commission]]))</ref>
))

'''Payoneer Global Inc.''' is an American [[financial services]] company that provides [[E-commerce payment system|online money transfer]], [[E-commerce payment system|digital payment services]] and provides customers with [[working capital]].<ref>((Cite web|url=https://wwd.com/business-news/retail/payoneer-capital-advance-for-u-s-sellers-1203045894/|title=Payoneer Launches Capital Advance Services for U.S. Sellers|last1=Roshitsh|first1=Kaley|date=2019-02-25|website=WWD|language=en|access-date=2019-04-18))</ref>

==History==
Payoneer was founded in 2005 with $2 million in seed funding from founder and then-CEO [[Yuval Tal]] and other private investors. 83North (Greylock Israel)<ref name="Agarwal_Funds">((cite news|last1=Agarwal|first1=Meha|title=New York Based Payments Platform Payoneer Re-Enters Indian Market|url=https://inc42.com/buzz/payoneer-india/|agency=Inc42|date=30 Jun 2016))</ref> led an additional $4 million in funding in 2007,<ref>((cite news|title=Payoneer Collects $3M from Greylock, Signs-Up iStockphoto|date=October 22, 2007|first=Roi|last=Carthy|url=https://techcrunch.com/2007/10/22/payoneer-collects-3m-from-greylock-signs-up-istockphoto/|publisher=TechCrunch|access-date=March 29, 2014))</ref> with additional investors including [[Carmel Ventures]], Crossbar Capital, [[Ping An Insurance|Ping An]], [[Wellington Management]], [[Susquehanna International Group|Susquehanna Growth Equity]],<ref name="Agarwal_Funds"/> [[Naftali Bennett]]<ref>((cite news|url=https://www.timesofisrael.com/behind-bennetts-payoneer-payday-a-firm-that-profited-off-smut-and-alleged-cons/|title=Behind Bennett's Payoneer payday, a firm that profited off smut and alleged cons|publisher=Times Of Israel))</ref> and Nyca Partners.<ref name="Schonfeld">((cite news |first=Erick |last=Schonfeld |title=Payoneer Raises $8 million Series B From Greylock And Carmel|url=https://techcrunch.com/2008/07/24/payoneer-raises-8-million-series-b-from-greylock-and-carmel |publisher=[[TechCrunch]] |date=2008-07-24 |access-date=2011-02-28))</ref><ref name="Abelson">((cite news |first=Max |last=Abelson |title=New York))</ref> Since 2005 Payoneer has raised over $265 million from investors.<ref name=":1" />

In March 2016, the firm acquired internet escrow company Armor Payments.<ref>[https://techcrunch.com/2016/03/15/b2b-payment-service-payoneer-acquires-escrow-as-a-service-platform-armor-payments/ B2B payment service Payoneer acquires escrow-as-a-service platform Armor Payments], [[TechCrunch]], March 15, 2016</ref> aiming to address the market for [[B2B e-commerce|B2B transactions]] between US$500 and $1,000,000 where credit cards and [[Letter of credit|letters of credit]] are not suitable.<ref>((cite news |last=Peyton |first=Antony |date=15 March 2016 |title=Payoneer acquires Armor Payments to create global alternative to LCs |url=http://www.bankingtech.com/455972/payoneer-acquires-armor-payments-to-create-global-alternative-to-lcs/ |work=Banking Technology |location=London |access-date=13 July 2017 |archive-date=29 October 2017 |archive-url=https://web.archive.org/web/20171029075023/http://www.bankingtech.com/455972/payoneer-acquires-armor-payments-to-create-global-alternative-to-lcs/ |url-status=dead ))</ref> It also began working with the Latin American eCommerce site [[Linio]].<ref>((cite press release |author=<!--Staff writer(s); no by-line.--> |title=Leading LATAM eCommerce Player Linio Selects Payoneer to Disburse Cross-Border Payments to Sellers Worldwide |url=http://www.retaildive.com/press-release/20160303-leading-latam-ecommerce-player-linio-selects-payoneer-to-disburse-cross-bor/ |location=Washington, DC |publisher=Retail Dive |agency=Industry Dive |access-date=2017-07-14))</ref><ref name="harrup">((cite news |last=Harrup |first=Anthony |date=3 March 2016 |title=Online Retailer Linio in Deal With Payoneer to Ease Payment for Sellers |url=https://www.wsj.com/articles/online-retailer-linio-in-deal-with-payoneer-to-ease-payment-for-sellers-1457034004 |work=Wall Street Journal |location=New York |access-date=14 July 2017 ))</ref><ref name="Fareeha_Latin America">((cite news|last1=Fareeha|first1=Ali|title=E-commerce growth slows in Latin America|url=https://www.internetretailer.com/2016/06/15/e-commerce-growth-slows-latin-america|publisher=Internet Retailer|date=15 Jun 2016))</ref>

In August 2016, the firm added an automated tax form service to its mass payout offering.<ref>((cite news |last=Arrowsmith |first=Ranica |date=16 August 2016 |title=Payoneer Releases Automated Tax Form Service |url=https://www.accountingtoday.com/news/payoneer-releases-automated-tax-form-service |work=Accounting Today |location=New York |access-date=13 July 2017 ))</ref>

In October 2016, the company raised $180 million from [[Technology Crossover Ventures]], bringing the total funding to $234 million.<ref name="Associated Press"/>

In 2017, China Broadband Capital (CBC) invested in Payoneer.<ref>((Cite web|url=https://www.paymentsjournal.com/payoneer-announces-strategic-investment-china-broadband-capital/|title=Payoneer Announces Strategic Investment by China Broadband Capital|date=2017-12-05|website=PaymentsJournal|language=en-US|access-date=2019-11-26))</ref>

In 2017 and 2018, Payoneer was named as CNBC's 40th and 13th most [[Disruptive innovation|disruptive companies]], respectively.<ref>((Cite web|url=https://www.cnbc.com/2017/05/16/payoneer-2017-disruptor-50.html|title=Payoneer 2017 Disruptor 50|date=2017-05-16|website=www.cnbc.com|access-date=2019-05-01))</ref><ref>((Cite web|url=https://www.cnbc.com/2018/05/22/payoneer-2018-disruptor-50.html|title=Payoneer 2018 Disruptor 50|date=2018-05-22|website=www.cnbc.com|access-date=2019-05-01))</ref>

In 2018, former chief economist of Israel, Yoel Naveh, joined the company to lead Payoneer's working capital division.<ref>((Cite web|url=https://www.calcalistech.com/ctech/articles/0,7340,L-3768806,00.html|title=Israel's Former Chief Economist Joins Online Payment Company Payoneer|last=Orbach|first=Meir|date=2019-08-22|website=[[Calcalist|CTech]]|access-date=2019-12-01))</ref>

Payoneer launched a capitol advance service in February 2019.<ref>((Cite web|url=https://wwd.com/business-news/retail/payoneer-capital-advance-for-u-s-sellers-1203045894/|title=Payoneer Launches Capital Advance Services for U.S. Sellers|last1=Roshitsh|first1=Kaley|date=2019-02-25|work=[[Women's Wear Daily]]|language=en|access-date=2019-09-10))</ref><ref>((Cite web|url=https://us.fashionnetwork.com/news/Payoneer-introduces-e-commerce-capital-advance-service-to-U-S-sellers,1072265.html|title=Payoneer introduces e-commerce capital advance service to U.S. sellers|last=Lacombe|first=FashionNetwork com, Gabriella|website=FashionNetwork.com|language=en-US|access-date=2019-09-10))</ref>

In 2019, Payoneer got an authorisation as an Electronic Money Institution by [[Central Bank of Ireland]] for customers in EEU.<ref>((Cite web|url=https://europe.businesschief.com/leadership/2986/Payoneer-moves-to-protect-EEA-customers-in-post-Brexit-era|title=Payoneer moves to protect EEA customers in post-Brexit era|website=europe.businesschief.com|access-date=2020-03-15))</ref>

In 2019, Payoneer hired [[FT Partners]] to help facilitate expansion of the company and an additional round of private funding.<ref>((Cite web|url=https://www.bloomberg.com/news/articles/2019-07-02/payoneer-is-said-to-hire-ft-partners-to-explore-deal-options|title=Payoneer is Said to Hire FT Partners to Explore Deal Options|last=Benmeleh|first=Yaacov|website=[[Bloomberg News]] |date=2 July 2019|access-date=15 September 2019))</ref>

In December 2019, Payoneer acquired optile, a German [[payments orchestration platform]].<ref>((Cite news|url=https://en.globes.co.il/en/article-payoneer-acquires-german-payments-co-optile-1001310501|title=Payoneer acquires German payments co optile|date=2019-12-10|newspaper=Globes|language=he|access-date=2020-01-29|quote=...to continue building the world’s leading open payment orchestration platform.))</ref> The acquisition allows Payoneer, for the first time, to offer merchant services and consumer payment acceptance in addition to the B2B services they have been providing since inception. Daniel Smeds founded and runs optile, and its staff of 75, which will continue to operate as an independent group based out of their current HQ in [[Munich]] while also working for Payoneer.<ref>((Cite web|url=https://www.bizjournals.com/newyork/news/2019/12/10/payoneer-purchases-optile-to-bolster-payment-tech.html|title=NYC-based Payoneer looks overseas to bolster its payment technology|last=Noto|first=Anthony|date=10 December 2019|website=www.bizjournals.com|access-date=2020-01-06|quote=The company purchased Optile, a Munich, Germany-based tech firm known for making online payments much easier.))</ref><ref>((Cite web|url=https://techcrunch.com/2019/12/10/payoneer-optile/|title=On the heels of its next fundraise, cross-border payments upstart Payoneer acquires optile|last=Lunden|first=Ingrid|date=10 December 2019|website=Techcrunch|access-date=6 January 2019))</ref><ref>((Cite web|url=https://www.businessinsider.com/payoneer-buys-cloud-based-payments-platform-optile-2019-12|title=Payoneer just bought a cloud-based payments platform, and its CEO says more strategic acquisitions are on his to-do list|last=Balogh|first=Shannen|website=Business Insider|access-date=2020-01-06))</ref>

Since 6 January 2021, [[Wirecard]] EUR receiving accounts on Payoneer can only receive payments from approved payment sources. Wirecard AG is insolvent since 25 June 2020 but the EUR receiving account is supported by their subsidiary Wirecard Bank AG, which is not part of the insolvency proceedings. Users have the ability to receive payments from other sources by requesting a [[Citibank]] EUR receiving account.<ref>((Cite web|url=https://payoneer.custhelp.com/app/answers/detail/a_id/33154/~/updates-to-your-eur-receiving-account|title=Updates to your EUR receiving account|website=payoneer.custhelp.com))</ref>

In February 2021, Payoneer announced that it will become a publicly traded company through a merger with FTAC Olympus Acquisition Corp. (NASDAQ: FTOCU), a [[Special-purpose acquisition company|Special Purpose Acquisition Company]] (SPAC) owned by former Bancorp CEO [[Betsy Z. Cohen]]. The combined company will operate as Payoneer and have an implied estimated enterprise value of approximately $3.3 billion at closing, with $300 million coming from [[private investment in public equity]] (PIPE) from investors including [[Dragoneer Investment Group]], [[Fidelity Management & Research]], and [[Franklin Templeton Investments|Franklin Templeton]].<ref>((Cite news|date=2021-02-03|title=Payment startup Payoneer to go public via $3.3 billion merger with Cohen-backed SPAC|language=en|work=Reuters|url=https://www.reuters.com/article/us-payoneer-m-a-ftac-olympus-acquisition-idUSKBN2A31WX|access-date=2021-02-04))</ref><ref>((Cite web|title=Payoneer Reaches $3.3 Billion Deal to Go Public With Betsy Cohen SPAC|url=https://www.msn.com/en-us/money/companies/payoneer-reaches-2433-billion-deal-to-go-public-with-betsy-cohen-spac/ar-BB1dlVH6|access-date=2021-02-04|website=www.msn.com))</ref><ref>((Cite web|last=Burroughs|first=Callum|title=Payments startup Payoneer joins the SPAC frenzy and plans to go public at a $3.3 billion valuation|url=https://www.businessinsider.com/payoneer-fintech-startup-ipo-betsy-cohen-spac-2021-2|access-date=2021-02-04|website=Business Insider))</ref>

The company went public on the [[Nasdaq|NASDAQ stock exchange]] on 28 June 2021.<ref>((Cite web|date=2021-06-28|title=Online payment company Payoneer goes public after SPAC merger|url=https://www.reuters.com/technology/online-payment-company-payoneer-goes-public-after-spac-merger-2021-06-28/|access-date=2021-06-29|website=Reuters))</ref>

In May 2022, the company began to offer Payoneer Checkout, a service which enables merchants to work with [[direct-to-consumer|direct-to-customer]] (DTC) online stores.<ref>((cite news |url=https://www.techinasia.com/payoneer-checkout-dtc-payment |title=Payoneer launches payment solution for D2C sellers in Asia |date=2022-05-10 |work=[[Tech in Asia]] |author=Aditya Hadi Pratama))</ref><ref>((cite press release |url=https://www.bloomberg.com/press-releases/2022-05-10/payoneer-announces-launch-of-payoneer-checkout |title=Payoneer Announces Launch of Payoneer Checkout |date=2022-05-10 |via=[[Bloomberg News]]))</ref>

In August 2023, it was announced Payoneer had acquired the [[Israel]]-based AI data platform, Spott for an undisclosed sum.<ref>((Cite web |title=Payoneer acquires data platform Spott |url=https://thepaypers.com/payments-general/payoneer-acquires-data-platform-spott--1263740 |access-date=2023-08-04 |website=thepaypers.com |language=en))</ref><ref>((Cite web |last=hslade |date=2023-08-04 |title=Payoneer purchases data platform Spott for undisclosed fee |url=https://fintech.global/2023/08/04/payoneer-purchases-data-platform-spott-for-undisclosed-fee/ |access-date=2023-08-04 |website=FinTech Global |language=en-GB))</ref> With this new acquisition, Payoneer will provide accurate and quantifiable data for faster and more informed business decision-making.<ref>((Cite web |title=Payoneer Acquires Spott |url=https://siliconvalleyjournals.com/payoneer-acquires-spott |access-date=2023-08-03 |website=siliconvalleyjournals.com |language=en))</ref>

== Services ==
Account holders can send and receive funds using an [[digital wallet|e-wallet]], a virtual bank account number in a local currency or a re-loadable prepaid MasterCard debit card. Money received can then be withdrawn to a bank account or used online / at points of sale with the Payoneer debit card.<ref name="Associated Press">((cite news|publisher=Associated Press|title=X-mas GPS, Plastic Wages, Video Antivirus|url=https://abclocal.go.com/wabc/story?section=news&id=5762454|access-date=March 29, 2014|date=November 14, 2007|archive-url=https://web.archive.org/web/20121009213815/http://abclocal.go.com/wabc/story?section=news&id=5762454|archive-date=October 9, 2012|url-status=dead))</ref><ref>((Cite web|title=Fees|url=https://www.payoneer.com/about/fees/|access-date=2021-09-19|website=Payoneer|language=en-US))</ref> The company specializes in facilitating [[Cross-Border Payments|cross-border B2B payments]]. It provides cross-border transactions in more than 150 local currencies,<ref name="Agarwal_Funds" /> with its cross border [[wire transfer]]s, online payments, and [[Debit card#Prepaid debit cards|refillable debit card]] services.<ref>((Cite web|url=https://www.ecommercetimes.com/story/61221.html|title=Payoneer: Taking Prepaid Debit Cards to the Next Level|website=www.ecommercetimes.com|language=en|access-date=2019-02-01))</ref>

Companies like [[Airbnb]], [[Amazon (company)|Amazon]], [[Google]] and [[Upwork]] use Payoneer to send mass payouts around the world.<ref name="cnbc1">((cite news |author=<!--Staff writer(s); no by-line.--> |date=16 May 2017 |title=40. Payoneer, Payments without borders |url=https://www.cnbc.com/2017/05/16/payoneer-2017-disruptor-50.html |work=CNBC |location=Englewood Cliffs, New Jersey |access-date=13 July 2017 ))</ref> It is also used by [[E-commerce|eCommerce]] marketplaces such as [[Rakuten]],<ref>((Cite web|url=https://bankinnovation.net/allposts/biz-lines/payments/marketplace-payments-specialist-payoneer-signs-rakuten-com/|title=Marketplace Payments Specialist Payoneer Signs Rakuten.com|website=BANKINNOVATION.NET|language=en-US|access-date=2019-11-12))</ref> [[freelance marketplace]]s such as [[Fiverr]]<ref>((Cite news|url=https://www.bloomberg.com/news/articles/2019-03-27/signs-of-israeli-ipo-revival-as-patient-founders-head-to-market|title=There Are Signs of a Revival in Israeli IPOs|date=2019-04-22|access-date=2019-04-24|language=en))</ref> and Envato,<ref>((cite news |author=<!--Staff writer(s); no by-line.--> |title=France: Cdiscount integrates with Payoneer |url=https://www.thepaypers.com/online-payments/france-cdiscount-integrates-with-payoneer/765006-3 |work=The Paypers |location=Amsterdam |date=23 June 2016 |access-date=21 July 2017 ))</ref> and works with ad networks to connect these firms with publishers based outside of their headquartered country.<ref>((cite news |last=Tepper |first=Nona |date=9 February 2016 |title=Digital marketing firm Tradedoubler expands its global payment options |url=https://www.digitalcommerce360.com/2016/02/09/digital-marketing-firm-tradedoubler-expands-its-payment-options/ |work=Digital Commerce 360 |location=Chicago |access-date=21 July 2017 ))</ref><ref>((cite news |last=Heun |first=David |date=9 February 2016 |title=Payoneer Pushes Into Digital Marketing with Tradedoubler Pact |url=https://www.paymentssource.com/news/payoneer-pushes-into-digital-marketing-with-tradedoubler-pact |work=Payments Source |location=New York |access-date=21 July 2017 ))</ref>

In the content creation space, Payoneer works with [[Getty Images]],<ref>((Cite web|url=http://www.israel21c.org/18-israeli-firms-rocking-financial-technology/|title=18 Israeli firms rocking financial technology|last=Leichman|first=Abigail Klein|website=Israel21c|language=en-US|access-date=2019-04-24))</ref> [[Pond5]],<ref>((Cite web|url=https://www.pcmag.com/article/358460/how-to-sell-your-photos-online|title=How to Sell Your Photos Online|last1=Griffith|first1=Eric|date=January 31, 2018 |website=PCMag|language=en|access-date=2019-04-24))</ref> and others.<ref name="cnbc1" />

In October 2019, the company launched a service aimed for small and medium-sized businesses to send payments anywhere in the world quickly and cheaply.<ref>((Cite web|url=https://www.verdict.co.uk/electronic-payments-international/news/payoneer-us-business/|title=Payoneer announces increased investment in US business community|website=Electronic Payments International|language=en-US|access-date=2019-11-20|archive-date=2020-08-08|archive-url=https://web.archive.org/web/20200808042342/https://www.verdict.co.uk/electronic-payments-international/news/payoneer-us-business/|url-status=dead))</ref>

== Business ==
The company is headquartered in [[New York City]].<ref>((Cite web|url=https://www.cnbc.com/2018/12/24/payoneer-ceo-why-single-global-currency-like-bitcoin-is-not-realistic.html|title=Payoneer CEO: Why single global currency like bitcoin is not realistic|last=Clifford|first=Catherine|date=2018-12-28|website=www.cnbc.com|access-date=2019-04-24))</ref> As of 2019, the company employed approximately 1,200 people,<ref>((Cite news|url=https://www.haaretz.com/israel-news/business/technation-paypal-laying-off-scores-of-israeli-employees-1.6995682|title=TechNation: PayPal Laying Off Scores of Israeli Employees|date=2019-03-05|work=Haaretz|access-date=2019-04-24|language=en))</ref> and served over 4 million customers.<ref name=":1">((Cite web|url=https://www.bloomberg.com/news/articles/2019-07-02/payoneer-is-said-to-hire-ft-partners-to-explore-deal-options|title=Payoneer Is Said to Hire FT Partners to Explore Deal Options|last=Benmeleh|first=Yaacov|date=2 July 2019|website=www.bloomberg.com|access-date=2019-08-04))</ref> In 2019 the company was valued at over $1 billion.<ref name=":1" />

In order to lawfully remit money within the [[European Single Market]], Payoneer was registered with the Gibraltar Financial Services Commission<ref>((Cite web|url=http://www.fsc.gi/regulated-entity/payoneer-eu-limited-15767|title=GFSC - Gibraltar Financial Services Commission|website=www.fsc.gi|access-date=2019-03-12))</ref> until [[Effect of Brexit on Gibraltar|Brexit]], when it moved to [[Ireland]].<ref>((Cite web|date=2020-02-20|title=After Brexit, fintechs find new homes|url=https://www.americanbanker.com/payments/news/after-brexit-fintechs-find-new-homes|access-date=2021-09-19|website=American Banker|language=en))</ref>

== Global reach ==

=== Philippines ===
In 2009, Payoneer became available for use in the Philippines.<ref>((cite news|url=https://www.gmanetwork.com/news/money/companies/582419/online-payment-firm-payoneer-launches-in-phl/story/|title=Online payment firm Payoneer launches in PHL|date=2016-09-23|publisher=GMA News))</ref><ref>((cite news|url=https://www.philstar.com/lifestyle/allure/2019/03/24/1903784/empowering-entrepinoys|title=Empowering EntrePinoys|date=2019-03-24|newspaper=Philippine Star))</ref>

=== Korea ===
Payoneer partnered with the Korean online B2B marketplace EC21.<ref>((Cite web|url=http://www.koreaherald.com/view.php?ud=20180410000720|title=Payoneer launches Korea office, targeting SMEs selling globally via online marketplaces|date=2018-04-10|website=www.koreaherald.com|language=en|access-date=2019-09-01))</ref> In 2017, the company released an Integrated Payments API for [[Software as a service|SaaS]] providers to link cross-border B2B payments across cloud platforms.<ref>((cite news|url=https://paymentweek.com/2017-2-15-payoneer-delivers-added-value-for-business-platforms/|title=Payoneer Delivers Added Value For Business Platforms|last=Dautner|first=Mike|date=15 February 2017|work=Payment Week|access-date=13 July 2017|location=New York))</ref> In 2018 the company opened and office in [[Seoul]].<ref>((Cite web|url=http://www.koreatimes.co.kr/www/tech/2019/09/133_264868.html|title=[INTERVIEW] 'Korea key market for Payoneer'|date=2019-03-10|website=koreatimes|language=en|access-date=2019-09-01))</ref>

=== Britain/EU ===
In June 2017, the company opened an office in [[London]].<ref>((cite news|url=http://www.businessinsider.com/fintech-payoneer-london-office-brexit-opportunity-2017-6|title=A US fintech used by Google and Airbnb is opening a London office|last=Williams-Grut|first=Oscar|date=20 June 2017|work=Business Insider|access-date=21 July 2017))</ref><ref>((cite news|url=http://www.pymnts.com/news/cross-border-commerce/2017/cross-border-payments-co-payoneer-opens-uk-office/|title=Payoneer Opens UK Office To Capitalize On Increased Demand From UK Merchants|author=<!--Staff writer(s); no by-line.-->|date=21 June 2017|work=pymnts.com|access-date=14 July 2017))</ref><ref>((cite news|url=https://www.cnbc.com/2017/05/16/payoneer-2017-disruptor-50.html|title=40. Payoneer, Payments without borders|author=<!--Staff writer(s); no by-line.-->|date=16 May 2017|work=CNBC|access-date=13 July 2017|location=Englewood Cliffs, New Jersey))</ref> To protect [[European Economic Area]] customers from Brexit-related effects, Payoneer opened a new office in Dublin in May 2020.<ref>((cite web |title=Payoneer moves to protect EEA customers in post-Brexit era |url=https://fintechmagazine.com/venture-capital/payoneer-moves-protect-eea-customers-post-brexit-era |access-date=17 July 2021))</ref>

=== Pakistan ===
Payoneer operates in Pakistan with [[MCB Bank]], Standard Chartered, and [[Faysal Bank]], among others.<ref>((Cite web|url=https://www.thenews.com.pk/print/473111-paypal-s-absence-pales-into-insignificance-on-growing-substitutes|title=PayPal's absence pales into insignificance on growing substitutes|website=www.thenews.com.pk|language=en|access-date=2019-09-01))</ref>

In Pakistan, PayPal isn't available, so Payoneer offers a feasible alternative and is used by people who need to transfer funds internationally or by international companies based abroad. The majority of Payoneer users are freelancers due to Pakistan's large number of freelance service providers. Right now, Payoneer is offering a cash-receiving facility from websites like Upwork, Freelancer, Fiverr, Elance, Guru, Amazon, etc. It is also possible to buy things online with Payoneer.<ref>((Cite web |last=TechQuice |first=TechQuice |date=2022-10-18 |title=Payoneer in Pakistan, Sign Up and Get $25 TechQuice |url=https://techquice.com/payoneer-in-pakistan-a-complete-guide/ |access-date=2023-01-07 |language=en-US))</ref>

=== China ===
Payoneer has a presence in China, and in 2017, it was the exclusive partner and payment service provider of Chinese e-sellers for the Latvian e-commerce platform Joom.((Citation needed|date=June 2022))

=== Ukraine ===
The company partners with several banks in Ukraine: [[PrivatBank]],<ref>((Cite web|url=https://ain.ua/2019/05/30/privatbank-payoneer-kruglosutochno/|title="ПриватБанк" добавил возможность принимать платежи с Payoneer круглосуточно|date=2019-05-30|website=AIN.UA|language=ru-RU|access-date=2019-09-15))</ref>[[Alfa-Bank]]<ref>((Cite web|url=https://news.finance.ua/ru/news/-/450720/alfa-bank-nachal-vyplaty-s-payoneer-bez-komissii|title=Альфа-Банк начал выплаты с Payoneer без комиссии|website=Finance.ua|language=ru|access-date=2019-09-15))</ref> and [[Monobank (Ukraine)|Monobank]].<ref>((Cite web|url=http://minfin.com.ua/2019/05/31/37924488/|title=monobank выкатил новую версию приложения: изменения|website=minfin.com.ua|language=ru|access-date=2019-09-15))</ref>

=== India ===
The firm closed its services in the Indian market in 2011 due to certain directives enforced by the [[Reserve Bank of India]] (RBI).<ref>((Cite web|url=https://inc42.com/buzz/payoneer-india|title=New York Based Payments Platform Payoneer Re-Enters Indian Market|last=Agarwal|first=Meha|date=2016-06-30|website=Inc42 Media|language=en-US|access-date=2019-05-28))</ref> Payoneer re-entered the Indian market in 2016, after partnering with [[IndusInd Bank]] and receiving [[Central Bank of India|Central Bank]]'s approval.<ref name="Kochar_Payoneer">((cite news|url=https://www.entrepreneur.com/article/272025|title=Cross-Border Payments Made Easy; Payoneer To Enter Indian Marketplace|last1=Kochar|first1=Ritu|date=7 Mar 2016|agency=Entrepreneur))</ref> The company customized its offerings for the Indian market, with special reporting systems and fund-transfer limits that comply with local rules.<ref name="Shetty_IndianBiz">((cite news|url=http://timesofindia.indiatimes.com/business/india-business/Payments-co-Payoneer-woos-Indian-exporters/articleshow/51987355.cms|title=Payments co Payoneer woos Indian exporters|last1=Shetty|first1=Mayur|date=26 Mar 2016|agency=Times of India))</ref><<ref name="Coimbatore">((cite news|url=http://www.business-standard.com/article/pti-stories/online-payment-company-looking-for-business-in-and-around-city-116111001322_1.html|title=Online payment company looking for business in and around city|date=10 Nov 2016|agency=Business Standard))</ref><ref name="Sanghamitra">((cite news|url=http://tech.economictimes.indiatimes.com/news/internet/payoneer-to-boost-its-global-presence-scout-for-acquisitions-after-bagging-180m/54823809|title=Payoneer to boost its global presence & scout for acquisitions after bagging $180M|last1=Kar|first1=Sanghamitra|date=13 Oct 2016|publisher=Times Internet Limited|agency=ETtech.com))</ref> Payoneer was the first digital payment platform in India to provide customers with a Foreign Inward Remittance Certificate (FIRC) digitally, thereby simplifying the required business processes.<ref>((Cite web|url=https://www.thehindubusinessline.com/info-tech/payoneer-digitises-firc-move-to-boost-smb-exports/article27261978.ece|title=Payoneer digitises FIRC; move to boost SMB exports|last=Srivats|first=K. R.|website=@businessline|language=en|access-date=2019-08-21))</ref><ref>((Cite news|url=https://economictimes.indiatimes.com/small-biz/trade/exports/insights/e-commerce-sales-from-india-grew-4-in-q1-2019-report/articleshow/70071153.cms|title=E-commerce sales from India grew 4% in Q1 2019: Report|date=2019-07-04|work=The Economic Times|access-date=2019-08-21))</ref>

=== French Airbnb ===
Payoneer partnered with popular rental website [[Airbnb]] in November 2013. The arrangement allowed hosts to conveniently withdraw their earnings using their prepaid Payoneer debit cards.<ref>((Cite news|url=https://blog.payoneer.com/news/partners/airbnb-hosts-can-now-withdraw-earnings-with-payoneer/|title=Airbnb hosts can now withdraw earnings with Payoneer! - The Payoneer Blog|date=2013-11-26|work=The Payoneer Blog|access-date=2018-11-07|language=en-US))</ref> In December 2017,<ref>((Cite news|url=https://www.reuters.com/article/us-airbnb-card/airbnb-drops-controversial-payment-card-in-france-idUSKBN1E616B|title=Airbnb drops controversial payment card in France|last=Vidalon|first=Dominique|work=Reuters U.S.|access-date=2018-11-07|language=en-US))</ref> French authorities investigated the payment system, which allowed hosts to receive their payments directly without having to first be deposited in their bank accounts, which could lead to the possibility of tax avoidance. Airbnb agreed to withdraw the payment system in France.<ref>((Cite news|url=https://www.reuters.com/article/us-airbnb-card-idUSKBN1E616B|title=Airbnb drops controversial payment card in France|date=2017-12-12|work=Reuters|access-date=2019-08-13|language=en))</ref>

==Research==
Payoneer publishes reports on the global economy.
* E-Learning in the Wake of a Pandemic (2020)<ref>((Cite web|date=2020-08-04|title=Payoneer Supports Triple-Digit Growth for eLearning, Social Media and Interactive Entertainment|url=https://www.fintechf.com/01-news/payoneer-supports-triple-digit-growth-for-elearning-social-media-and-interactive-entertainment/|access-date=2020-08-06|website=Fintech Finance|language=en-US))</ref>
* The State of Global Live Streaming in 2020<ref>((Cite web|last=Awasthi|first=Prashasti|title=Live-streaming sector grows 45% amidst Covid-19: Survey|url=https://www.thehindubusinessline.com/info-tech/live-streaming-sector-grows-by-45-amidst-covid-19-survey/article32182003.ece|access-date=2020-08-06|website=@businessline|language=en))</ref>
* Global Gig Economy Index (2019)<ref>((Cite web|url=https://theaseanpost.com/article/philippines-fast-growing-gig-economy|title=Philippines' fast-growing gig economy|website=The ASEAN Post|language=en|access-date=2019-12-15))</ref>
* Global Seller Index (2019)<ref>((Cite news|url=https://economictimes.indiatimes.com/small-biz/trade/exports/insights/e-commerce-sales-from-india-grew-4-in-q1-2019-report/articleshow/70071153.cms|title=E-commerce sales from India grew 4% in Q1 2019: Report|date=2019-07-04|work=The Economic Times|access-date=2019-12-15))</ref>
* Annual freelancer report (2015, 2018, 2020)<ref>((Cite web|url=https://www.businessnewsdaily.com/7959-freelance-pay-rates.html|title=In Most Countries, Freelancers Earn More Than Average Workers|website=www.businessnewsdaily.com|access-date=2019-12-15))</ref><ref>((Cite web|url=https://www.inc.com/wanda-thibodeaux/this-survey-of-21000-freelancers-from-170-countries-shows-what-having-no-boss-is-like.html|title=This Survey of 21,000 Freelancers From 170 Countries Shows What Having No Boss Is Like|last=Thibodeaux|first=Wanda|date=2017-10-27|website=Inc.com|access-date=2019-12-15))</ref>

== Violations ==
Between 2013 and 2018 Payoneer was involved in illegal transactions by evading [[Office of Foreign Assets Control#Sanctions programs|OFAC sanctions]] and agreed to pay US$1.4 million to settle violations.<ref>((Cite web |title=Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and Payoneer Inc. |url=https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20210723 |date=2021-07-23 |publisher=[[United States Department of the Treasury]]))</ref><ref>((Cite web |date=2021-07-29 |title=Payoneer Fined $1.4 Million for US Sanctions Violations |url=https://complyadvantage.com/insights/payoneer-fined-1-4-million-for-us-sanctions-violations/ |access-date=2021-07-29 |website=[[ComplyAdvantage]]))</ref>

==References==
((reflist|30em))

==External links==
*[https://payoneer.com/ Official website] 
((Finance links
| name = Payoneer Global Inc.
| symbol = PAYO
| reuters = PAYO.O
| bloomberg = PAYO:US
| sec_cik = 1845815
| yahoo = PAYO
| google = PAYO:NASDAQ
))

((Payment service providers))

((authority control))

[[Category:Payment service providers]]
[[Category:Online financial services companies of the United States]]
[[Category:Online payments]]
[[Category:Credit cards]]
[[Category:Companies based in New York City]]
[[Category:Financial services companies established in 2005]]
[[Category:American companies established in 2005]]
[[Category:Special-purpose acquisition companies]]
[[Category:Companies listed on the Nasdaq]]

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