Nuvei to Acquire Payoneer in $2.75bn Cash Deal
Nuvei has agreed to acquire cross-border payments group Payoneer in an all-cash transaction valued at approximately $2.75bn, a deal that fuses the Canadian fintech's merchant processing engine with Payoneer's global network spanning more than 190 countries and territories.
Under the terms, Nuvei will pay $7.40 per share for Payoneer, a premium of roughly 44% over the company's closing price on 8 June 2026. The boards of both companies have unanimously approved the transaction, which is expected to close in mid-2027, subject to Payoneer shareholder approval, regulatory clearances and customary closing conditions.
The combination creates a financial infrastructure business with annual revenue of around $3bn and more than $500bn in annual payment volume. Between them, the two firms count Amazon, Walmart, eBay and Airbnb among their marketplace and enterprise clients, giving the enlarged group significant reach across both merchant acquiring and cross-border money movement.
The strategic logic is complementary rather than overlapping. Nuvei has built its position in merchant payment processing, while Payoneer has spent two decades developing multi-currency accounts, fund transfers and a regulatory licensing footprint that lets small and mid-sized businesses transact across borders. Bringing the two together gives Nuvei a deeper foothold in the fast-growing cross-border segment and a ready-made base of millions of business customers.
"The acquisition of Payoneer marks a defining step in Nuvei's evolution into a global financial infrastructure leader," said Phil Fayer, chairman and chief executive of Nuvei.
John Caplan, chief executive of Payoneer, framed the deal around the trust the company has accumulated with its customer base. "For two decades, Payoneer has earned the trust of millions of businesses in markets where trust takes years to build," he said.
For the wider payments sector, the transaction is another sign of consolidation as scale becomes increasingly decisive. Processing margins are under pressure and the firms able to offer end-to-end infrastructure across acquiring, payouts and cross-border settlement are best placed to win large enterprise mandates. A combined Nuvei-Payoneer would sit firmly in that category, competing more directly with the largest global payment networks.
Attention now turns to the regulatory review. Given Payoneer's extensive licensing across multiple jurisdictions and the scale of the combined entity, clearances are likely to be a key determinant of the mid-2027 timetable.
About Nuvei: Nuvei is a Canadian fintech providing payment technology and merchant processing services to businesses worldwide.
About Payoneer: Payoneer is a US-based financial services company offering cross-border payments, multi-currency accounts and money transfer services to businesses operating internationally.
