Nuvei to Acquire Payoneer for $2.75 Billion in Cross-Border Payments Deal

Nuvei has agreed to acquire cross-border payments company Payoneer in an all-cash transaction valued at approximately $2.75 billion, moving the proposed combination from reported negotiations to a definitive agreement.

Under the announced terms, Nuvei will pay $7.40 for each outstanding Payoneer share. The boards of directors of both companies have approved the transaction, although the acquisition has not yet been completed and remains subject to shareholder and regulatory approvals.

Combining payment acceptance and cross-border money movement

The transaction would combine two businesses that currently operate across different parts of the payments lifecycle.

Nuvei is primarily focused on merchant payment acceptance, including acquiring, alternative payment methods, fraud management, card issuing and payout services.

Payoneer focuses on cross-border business payments, providing multi-currency accounts, supplier and contractor payouts, marketplace payment services and tools that allow businesses to receive, hold and move money internationally.

The companies said the combined platform would allow businesses to work with a single provider for accepting payments, holding funds, making payouts, managing foreign exchange and accessing other embedded financial services.

A broader global payments platform

According to the companies, the combined group would support customers across more than 190 countries and territories.

At closing, Nuvei and Payoneer expect the combined business to generate approximately $3 billion in annual revenue, process more than $500 billion in annual payment volume and serve more than 2.4 million customers.

These figures are company projections associated with the proposed transaction. They should not be treated as completed operational results before the deal closes.

Payoneer also brings relationships with major digital commerce platforms and marketplaces, including Amazon, eBay, Walmart, Airbnb, Fiverr, Upwork, Etsy, Shopify and WooCommerce.

For Nuvei, this could provide greater access to small and medium-sized businesses, online sellers, suppliers and freelancers that use marketplaces to transact internationally.

Regulatory coverage is part of the deal’s value

Payoneer operates through licences and authorisations across multiple jurisdictions. Nuvei identified this regulatory footprint as one of the strategic components of the acquisition.

For cross-border payment providers, geographic expansion depends on more than technical connectivity. Companies also need local permissions, banking relationships, compliance systems, settlement infrastructure and operational processes in each market.

Adding Payoneer’s regulatory and banking infrastructure could therefore help Nuvei extend its services beyond merchant acquiring and into a broader range of account, payout and cross-border treasury use cases.

However, the transaction itself will still require regulatory clearance before those capabilities can be formally combined.

Stablecoins and agentic commerce enter the strategy

Nuvei said the combined platform would also be positioned to support newer financial models, including stablecoin transactions, agentic commerce and platform-native financial services.

The announcement does not mean these services will immediately become available across every market or customer segment.

Availability will depend on product integration, local regulation, banking support and the completion of the acquisition. The references to stablecoins and agentic commerce should therefore be understood as strategic direction rather than confirmed universal product availability.

Transaction still depends on approvals

The companies expect the acquisition to close in mid-2027.

Before completion, the transaction requires:

• approval from Payoneer shareholders;
• required regulatory clearances;
• satisfaction of customary closing conditions;
• completion of the agreed financing arrangements.

Until these conditions are met, Nuvei and Payoneer remain separate companies.

Reuters reported that BMO Capital Markets, RBC Capital Markets, Barclays, UBS and Wells Fargo are providing committed financing connected with the transaction.

What the deal means for cross-border businesses

The acquisition reflects a wider payments-industry trend toward platforms that combine acceptance, payouts, accounts, foreign exchange, settlement and compliance infrastructure.

For international merchants and platforms, using fewer providers may simplify integration and reporting. However, the practical value of a combined service will still depend on market-level factors such as:

• local payment-method coverage;
• local acquiring availability;
• settlement currencies and timelines;
• payout destinations;
• reconciliation capabilities;
• compliance requirements;
• pricing and foreign-exchange structures.

The Nuvei–Payoneer combination could create a broader global payments platform, but merchants should evaluate its final capabilities only after the transaction closes and the companies provide detailed integration plans.