Nuvei, the Montréal-based payments processor, has agreed to acquire Nasdaq-listed Payoneer for $2.75B USD ($3.8B CAD), offering $7.40 per share in cash, a premium of approximately 35 percent over Payoneer’s trading price ahead of reports of the deal.
The combined company is expected to process more than $500B in annual payment volume for more than 2.4 million customers, generating around $3B USD in annual revenue. The transaction is subject to Payoneer shareholder and regulatory approval and is expected to close in mid-2027.
The Strategic Rationale
The global payments landscape is increasingly defined by the ability to operate across borders, currencies, and regulatory environments simultaneously. For businesses moving money internationally, fragmentation across providers remains a persistent challenge, creating gaps in coverage, compliance, and customer experience.
Nuvei has positioned this acquisition as a step toward offering businesses a single partner capable of handling the full range of payment needs, from accepting and holding funds to issuing cards, managing treasury and foreign exchange, and accessing embedded financial services at scale.
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What The Combined Company Creates
Together, Nuvei and Payoneer would cover more than 190 countries and territories, with capabilities spanning traditional payment flows and stablecoin transactions. The deal brings together Nuvei’s merchant payment infrastructure with Payoneer’s established cross-border payout and financial services platform, which has built a significant customer base among freelancers, marketplaces, and businesses receiving international payments.
A critical element of the transaction is Payoneer’s regulatory footprint. The New York-based company holds a licence for online payment services in mainland China and has received authorization in principle as a cross-border payment aggregator in India, two markets where obtaining regulatory standing independently is a lengthy and complex process.
Growth And Market Traction
Nuvei went private in November 2024 and has since moved steadily on its international expansion strategy. Shortly after the go-private transaction, the company acquired the Japanese subsidiary of British payments firm Paywiser, securing key payments licences in Japan. The Payoneer acquisition represents a significantly larger step in the same direction, adding established infrastructure across markets where Nuvei had limited presence.
Financing for the transaction has been committed by BMO Capital Markets, RBC Capital Markets, Barclays, UBS, and Wells Fargo.
Looking Ahead
Phil Fayer, chairman and CEO of Nuvei, outlined the commercial logic of the combined platform: “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.”
About Nuvei
Nuvei is a Montréal-based payments technology company that enables businesses to accept, process, and move money across more than 190 countries and territories. The company went private in November 2024 and has since pursued international expansion through acquisitions, including the Japanese subsidiary of Paywiser. The planned acquisition of Payoneer, pending shareholder and regulatory approval, is expected to close in mid-2027.
