Nuvei to buy Payoneer for $2.75B, add stablecoin settlement

Nuvei agreed to acquire Payoneer for $2.75 billion in cash and intends to integrate stablecoin settlement into Payoneer’s cross-border payouts, foreign-exchange and compliance network. The companies described stablecoins as a settlement option within a global payments stack that handles merchant acceptance, local rules and reconciliation.

Under the June 15 agreement Nuvei will pay $7.40 per Payoneer share. The transaction requires Payoneer shareholder approval and regulatory clearances and is expected to close in mid-2027. At closing the combined company is projected to generate about $3 billion in annual revenue and to process more than $500 billion in annual payment volume for over 2.4 million customers across more than 190 countries and territories.

Payoneer operates a cross-border payments and financial platform used by businesses, marketplaces, contractors and sellers that need to move money across currencies and borders. Its services include cross-border payouts, multi-currency accounts, a banking network and same-day or real-time settlement in more than 150 markets. Payoneer’s regulatory assets include a license for online payment services in mainland China and an in-principle authorization as a cross-border payment aggregator in India under the Reserve Bank of India framework.

Nuvei provides merchant acquiring, alternative payment methods, card issuing, currency management, fraud and risk controls, bank transfers, real-time payments and crypto capabilities. Its platform supports about 150 currencies. The companies expect the combined platforms to offer merchants a single partner to accept, hold and move money, with stablecoins listed among settlement options.

The companies did not disclose stablecoin-specific transaction volumes. Operational needs for business payments include fraud screening, sanctions checks, foreign-exchange liquidity, local payout mechanisms, fiat conversion and reconciliation alongside on-chain settlement.

Nuvei has run trials of stablecoin settlement. In 2023 Visa expanded USDC settlement pilots that included Nuvei and Worldpay using Solana and Ethereum for settlement. In 2024 Nuvei launched a blockchain payment solution with Rain, BitGo and Visa aimed at Latin American merchants to speed cross-border B2B payments while keeping existing card and payment infrastructure in place.

A Federal Reserve staff analysis published in March found that payment stablecoins can reduce some cross-border frictions but that foreign-exchange liquidity, local currency inventories, compliance checks, fiat conversion and intermediaries may remain relevant. Payoneer’s permissions, banking relationships and payout network relate to those operational needs.

Key near-term milestones are completion of shareholder and regulatory approvals by mid-2027 and any future disclosures about stablecoin-specific metrics, such as payment volume by corridor, merchant uptake and comparative cost or settlement time after integration.