Canadian payments firm Nuvei is reported to be in discussions to acquire cross-border payments provider Payoneer for about $2.7 billion, according to Reuters, cited by PYMNTS. The reported purchase price is said to include Payoneer’s cash, which would imply an enterprise value of roughly $2.3 billion. The report, also cited unnamed sources, says the companies could sign a deal within the coming days, though no definitive agreement is announced in the coverage provided.
PYMNTS frames the potential transaction as part of a broader push by payments providers to expand capabilities beyond their “own borders.” It points to demand from small and mid-sized businesses for more visibility and control over cross-border settlement and related functions, including foreign exchange, supplier payments, and treasury operations. Within that context, an acquisition would potentially allow Nuvei to broaden its cross-border offering by adding Payoneer’s capabilities.
At this stage, details of terms, regulatory review, and expected closing timing are not confirmed in the provided sources.
