Payoneer B2B Volume Surges 59% Ahead of Nuvei Acquisition
Payoneer's B2B payments grew 59% year over year as it prepares for Nuvei acquisition.
In brief
Payoneer's B2B payments grew 59% year over year as it prepares for Nuvei acquisition. Payoneer reported 59% year-over-year growth in B2B payments ahead of its $2.75 billion acquisition by Nuvei. Originally reported by Pymnts.
Q3 Results
Payoneer reported 5% year-over-year revenue growth to $222 million.
B2B Volume Surge
B2B payments grew 59% year over year to $5 billion.
New Licenses
Secured payment licenses in Canada and Israel during Q3.
Acquisition Timeline
Targeted mid-2027 close of Nuvei acquisition after shareholder approval.
The key point
Payoneer reported 59% year-over-year growth in B2B payments ahead of its $2.75 billion acquisition by Nuvei.
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