Montreal-based payments technology company Nuvei has entered into a definitive agreement to acquire Payoneer Global Inc. in an all-cash transaction valued at approximately US$2.75 billion. Under the terms of the agreement, Nuvei will acquire all of the issued and outstanding shares of Payoneer common stock for US$7.40 per share in cash. At close, the combined company is expected to generate approximately US$3 billion in annual revenue and to process more than US$500 billion in annual payment volume for upwards of 2.4 million customers across more than 190 countries and territories.
The transaction pairs Nuvei's payment acceptance capabilities with Payoneer's cross-border payouts, multi-currency accounts, and banking network, along with same-day and real-time settlement in more than 150 markets. Together, the businesses serve customers operating across major digital commerce platforms including Amazon, eBay, Walmart, Airbnb, Fiverr, Upwork, Etsy, ByteDance, Shopify, and WooCommerce. Nuvei has positioned the deal as a step toward supporting emerging financial models, including agentic commerce, stablecoin payments, and platform-native financial services.
A central element of the rationale is Payoneer's regulatory footprint. The company holds multiple licences and authorizations across major jurisdictions, including licensing for online payment services in mainland China and authorization in principle as a cross-border payment aggregator in India under the Reserve Bank of India's regulatory framework. Nuvei was itself taken private in November 2024 by Advent International, alongside continuing shareholders Philip Fayer, Novacap, and CDPQ, in an all-cash arrangement that valued the company at an enterprise value of roughly US$6.3 billion and delisted it from the Nasdaq and Toronto Stock Exchange. The acquirer in the Payoneer transaction, Neon Maple Parent Inc., is the Advent-controlled Nuvei entity, with the parties' merger agreement dated June 12, 2026.
"The acquisition of Payoneer marks a defining step in Nuvei's evolution into a global financial infrastructure leader," Nuvei chairperson and CEO Phil Fayer said in a press release. "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."
"For two decades, Payoneer has earned the trust of millions of businesses in markets where trust takes years to build," said Payoneer CEO John Caplan. "We have transformed our business with extraordinary results, and our combination with Nuvei will extend what we can offer customers. Together, we will reach more businesses, in more markets, with a more complete platform."
On the legal side, Simpson Thacher & Bartlett LLP and Stikeman Elliott LLP are acting as legal counsel to Nuvei, with Stikeman Elliott serving as Canadian counsel to the Montreal-based acquirer. Davis Polk & Wardwell LLP is acting as legal counsel to Payoneer.
Goldman Sachs & Co. LLC is serving as lead financial advisor to Nuvei, and Barclays Capital Inc. has also provided financial advice to the company. Qatalyst Partners is serving as exclusive financial advisor to Payoneer. BMO Capital Markets, RBC Capital Markets, Barclays, UBS, and Wells Fargo are providing committed financing in connection with the transaction.
The transaction has been approved by the boards of directors of both companies. Closing is expected in mid-2027, subject to approval by Payoneer's shareholders, receipt of required regulatory approvals, and other customary closing conditions.
For comprehensive access to our database of all published deal information, subscribe to the CL+ platform.