Payoneer Global Inc. (NASDAQ:PAYO) will be acquired by Nuvei in an all-cash transaction valued at $2.75 billion, the companies said Monday. The purchase price for Payoneer stock is $7.40 per share in cash, and the announcement sent Payoneer shares up 3.4% in premarket trading.
Both companies' boards of directors have approved the agreement. Under the terms disclosed, Nuvei will acquire all outstanding Payoneer shares for the per-share cash consideration noted above.
Management outlined expectations for the combined business that highlight scale in revenue and payment volume. The merged entity is expected to deliver approximately $3 billion in annual revenue and to process more than $500 billion in annual payment volume for a customer base exceeding 2.4 million accounts. Executives described the union as bringing together Nuvei’s payment acceptance capabilities with Payoneer’s cross-border payouts, multi-currency accounts, and its banking network.
Phil Fayer, Chairman and Chief Executive Officer of Nuvei, commented on the strategic rationale for the acquisition, saying, "The acquisition of Payoneer marks a defining step in Nuvei’s evolution into a global financial infrastructure leader. 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."
The transaction is positioned to support commercial activity in more than 190 countries and territories and to offer same-day and real-time settlement in over 150 markets. Payoneer retains multiple licenses and authorizations that the companies note as part of the deal rationale, including licensing for online payment services in mainland China and an authorization in principle as a cross-border payment aggregator in India.
The closing is expected in mid-2027, contingent on Payoneer shareholder approval, receipt of required regulatory clearances, and satisfaction of customary closing conditions. Financial advisors on the transaction are Goldman Sachs & Co. LLC as lead advisor to Nuvei and Qatalyst Partners as exclusive financial advisor to Payoneer. Committed financing for the acquisition is being provided by BMO Capital Markets, RBC Capital Markets, Barclays, UBS, and Wells Fargo.
Analytical takeaway - The deal consolidates complementary payment capabilities under a single operator and is structured to expand global reach and settlement speed. Market participants will watch regulatory reviews and shareholder approvals as the timeline progresses toward the expected mid-2027 close.