June 15 - Nuvei has reached an agreement to acquire cross-border payments company Payoneer for about $2.75 billion in cash, the firms announced on Monday. Under the terms, Nuvei will purchase all outstanding Payoneer shares at $7.40 apiece, representing roughly a 44% premium to Payoneer’s last closing price on June 8.
Payoneer’s market capitalization stood at about $2.26 billion, according to data compiled by LSEG. Prior reports indicated that Nuvei had been in advanced discussions to buy Payoneer.
The transaction is framed as a bid by Nuvei to broaden its international footprint in faster-growing payment segments, including cross-border and business-to-business payments. Company statements say the deal will also position Nuvei for expansion into stablecoin transactions and AI-driven commerce, and will provide access to significant marketplace customers such as Amazon, Walmart, eBay and Airbnb.
Management expects the combined organization to generate roughly $3 billion in annual revenue and to process in excess of $500 billion in payments volume each year.
The companies said the deal is subject to Payoneer shareholder approval and to obtaining required regulatory clearances, with closing expected in mid-2027. Payoneer, which helps businesses make and receive cross-border payments and manage multi-currency transactions, holds licenses in major markets.
"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," said Nuvei CEO Phil Fayer.
A group of banks has committed financing for the transaction. BMO Capital Markets, RBC Capital Markets, Barclays, UBS and Wells Fargo are providing committed financing. Goldman Sachs is acting as Nuvei’s lead financial adviser, with Barclays Capital also advising Nuvei. Qatalyst Partners is serving as exclusive financial adviser to Payoneer.
The announcement comes amid a broader trend of consolidation among payment companies seeking scale and access to higher-growth segments of payments activity. By combining their offerings, the firms contend they can deliver an expanded suite of services including payments acceptance, fund transfers, card issuance, treasury management and foreign-exchange capabilities.
The press release also included a note about an investment tool that evaluates Payoneer’s ticker, PAYO, using a range of financial metrics and highlights historical examples of top-performing ideas. That material described the tool’s approach to identifying risk-reward opportunities but did not alter the transaction terms disclosed by the companies.
Key transactional milestones include shareholder approval at Payoneer and standard regulatory signoffs ahead of the anticipated mid-2027 close. Until those approvals are secured, the timing and completion of the deal remain subject to those conditions.