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Canada's Nuvei to buy Payoneer for $2.75 billion in cross-border payments push
The combined company is expected to generate about $3 billion in annual revenue and process more than $500 billion in annual payment volume, the companies said.
- On Monday, Nuvei Corp. announced it will purchase Nasdaq-listed Payoneer Global Inc. for about $2.75 billion in cash, marking the company's first major acquisition since going private in 2024.
- Nuvei CEO Phil Fayer stated the acquisition combines complementary capabilities to offer a more complete platform at scale, as payment firms consolidate to capture growth in cross-border and business transactions.
- The combined entity expects around $3 billion in annual revenue and more than $500 billion in annual payment volume, with Nuvei paying $7.40 per share, a 44 per cent premium to the June 8 closing price.
- This transaction positions Nuvei for growth in AI-driven commerce and stablecoin transactions, providing access to major marketplace clients including Amazon, Walmart, eBay, and Airbnb operating in more than 150 markets.
- The transaction is expected to close in mid-2027 subject to regulatory clearances and shareholder approval at Payoneer, with financing supported by BMO Capital Markets, RBC Capital Markets, Barclays, UBS, and Wells Fargo.
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Canada's Nuvei to buy Payoneer for $2.75 billion in cross-border payments push
June 15 : Nuvei will buy cross-border payments firm Payoneer for about $2.75 billion in cash, the companies said on Monday, as the Canadian fintech aims to expand globally.Nuvei will buy all shares of Payoneer for $7.40 apiece, a premium of about 44 per cent to their last close on June 8. Payoneer has a marke
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Total News Sources18
Leaning Left2Leaning Right1Center6Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 22%
C 67%
11%
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