Payment technology firm Nuvei has agreed to acquire cross border payments platform Payoneer for $2.75 billion in cash, creating a combined entity processing more than $500 billion in annual payment volume across more than 190 countries.
The deal brings together Nuvei’s payment acceptance capabilities with Payoneer’s cross border payouts, multi currency accounts and banking network. The combined platform is expected to generate approximately $3 billion in annual revenue serving more than 2.4 million customers. The transaction is expected to close in mid 2027, subject to shareholder and regulatory approvals.
Both companies have been building out stablecoin capabilities, making the combination particularly relevant for digital asset payment flows.
Nuvei has been among the most active acquirers in the stablecoin space. When Visa and Mastercard each launched stablecoin settlement programs for transactions between card issuers and acquirers, Nuvei was one of the first acquirers to participate in both. It is also a partner to Rain, the stablecoin powered card platform.
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