Nuvei has agreed to acquire Payoneer in a $2.75 billion all-cash deal, paying $7.40 per share for all outstanding shares of the Nasdaq-listed payments company. According to the joint announcement from both companies on Monday, the boards of both firms have approved the transaction, which is expected to close in mid-2027 subject to shareholder and regulatory approvals. The acquisition values Payoneer at approximately $2.75 billion and represents a significant expansion of Nuvei's financial infrastructure capabilities. The combined entity is expected 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 across 190+ countries. The transaction offers Payoneer shareholders a 9.6% premium to the company's prior closing price, with the deal marking a major consolidation in the slowing traditional payment-processing sector.
By acquiring Payoneer, Nuvei plans to combine payment acceptance services with cross-border payouts, multi-currency accounts, treasury tools, and foreign exchange capabilities. As reported by the companies, the combined platform will support businesses operating across local and international markets through a single financial infrastructure network. Phil Fayer, chairman and CEO of Nuvei, stated that the acquisition marks a defining step in Nuvei's evolution into a global financial infrastructure leader, allowing the company to offer customers a more complete platform for accepting payments, sending funds, issuing cards, managing treasury and foreign exchange needs, and accessing embedded financial services at scale. John Caplan, CEO of Payoneer, noted that the company had spent two decades building relationships with businesses across global markets, and joining Nuvei would allow the company to expand its services and reach additional customers worldwide. The platform will support payments and payouts across 190+ countries and near real-time settlement in 150+ markets, including support for stablecoin transactions and emerging agentic commerce models.
Payoneer operates across more than 190 countries and territories and supports 70 currencies according to the company's official website. The acquisition provides Nuvei with enhanced regulatory presence in multiple jurisdictions, including approval for online payment services in mainland China and authorization in principle to operate as a cross-border payment aggregator in India under the Reserve Bank of India's framework. The combined company will serve merchants and sellers active on major digital commerce platforms including Amazon, eBay, Walmart, Airbnb, Fiverr, Upwork, Etsy, ByteDance, Shopify, and WooCommerce. Founded in 2005 by Yuval Tal, Ben Yaniv Chechik, and Kai Stalmann, Payoneer went public on Nasdaq in 2021 via a SPAC merger at a company valuation of $3.3 billion, though it has since lost value and was trading at less than half of its merger valuation by 2022. The company reported $262 million in revenue for Q1 2026, up 6% from the corresponding quarter of 2025, while net profit fell 5% to $19.6 million. According to Benchmark senior research analyst Mark Palmer, the merger will enhance Nuvei's ability to process payments for small and mid-sized businesses, especially e-commerce sellers and freelancers, across emerging markets within Southeast Asia and Latin America.
The acquisition creates significant synergies in stablecoin and digital asset processing capabilities between the two companies. Payoneer allows users to send, receive, hold, and convert stablecoins to fiat currencies through its platform, while Nuvei offers on- and off-ramps for converting digital assets and stablecoins into fiat currencies. As reported by the companies, the combination addresses the growing need for infrastructure that can support the full transaction lifecycle across complex local and cross-border markets. Montreal-based Nuvei processes payments in more than 200 markets, acquires transactions locally in 52 markets, and supports 150 currencies and 720 alternative payment methods according to the company's website. The enhanced capabilities will make the processor more attractive to small and mid-sized businesses seeking comprehensive digital commerce solutions.
PAYO stock gained approximately 4% on Monday following the announcement, with retail sentiment on Stocktwits described as 'bullish' and message volumes reaching 'extremely high' levels. Retail chatter on PAYO stock has jumped 100% over the past month, with one user highlighting the takeover as 'good riddance.' The stock has gained about 24% year-to-date according to recent reports. The transaction involves multiple financial advisors, with Goldman Sachs & Co. LLC serving as lead financial advisor to Nuvei, Barclays Capital Inc. providing financial advice, and Qatalyst Partners serving as exclusive financial advisor to Payoneer. Legal counsel includes Simpson Thacher & Bartlett LLP and Stikeman Elliott LLP for Nuvei, and Davis Polk & Wardwell LLP for Payoneer. BMO Capital Markets, RBC Capital Markets, Barclays, UBS, and Wells Fargo are providing committed financing in connection with the transaction. Payoneer is currently owned by Advent private equity investor, which previously acquired the company for $6.3 billion and delisted it from public markets.
