Nuvei to Acquire Payoneer for $2.75 Billion in Major Global Payments Deal

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Nuvei, the Canadian payments technology company, has agreed to acquire Payoneer in a $2.75 billion deal that significantly expands its global reach and strengthens its position in cross-border commerce and digital payments.

The transaction, announced on June 10, 2026, represents one of the largest acquisitions in the payments sector this year. It combines Nuvei’s strong merchant acquiring and payment processing capabilities with Payoneer’s extensive cross-border payment network and expertise in serving freelancers, marketplaces, and small-to-medium businesses worldwide.

Payoneer, a leading platform for international payments, enables millions of users — particularly freelancers, e-commerce sellers, and gig economy workers — to receive funds from global clients in local currencies. The acquisition gives Nuvei immediate access to Payoneer’s large customer base and robust infrastructure across more than 200 countries and territories.

For Nuvei, the deal accelerates its ambition to become a truly global payments champion. It adds significant scale in high-growth areas such as digital commerce, marketplace payouts, and B2B cross-border payments, while deepening its presence in key markets including the United States, Europe, and Asia.

Both companies bring distinct but complementary strengths. Nuvei is known for its modern, unified payments platform and strong focus on enterprise clients and high-growth verticals. Payoneer excels in mass payouts, working capital solutions, and serving the global gig economy.

The combined entity is expected to offer a more comprehensive suite of services, from local acquiring and card payments to international mass payouts, working capital financing, and foreign exchange solutions.

The acquisition comes amid continued consolidation in the global payments industry as companies seek scale, geographic reach, and technological capabilities to compete in an increasingly digital and borderless economy. Cross-border payments remain one of the fastest-growing segments, driven by e-commerce expansion, remote work, and the rise of digital marketplaces.

Nuvei stated that the deal will create meaningful value for customers by delivering a broader range of innovative payment solutions while maintaining a strong focus on compliance, security, and user experience.

The transaction is subject to regulatory approvals and is expected to close in the second half of 2026 or early 2027.

This major acquisition positions the combined company to capture a larger share of the rapidly expanding global digital payments market and reinforces Nuvei’s status as one of the most ambitious players in the international fintech space.