Canadian payments company Nuvei has agreed to buy Payoneer Global Inc. in an all-cash deal valued at about $2.75 billion, as multiple outlets report. The transaction combines two North American payments firms and is positioned to strengthen Nuvei’s capabilities in cross-border payments and commerce. Bloomberg reports the companies process more than half a trillion dollars in annual volume, while other coverage says the combined reach would extend across a large number of countries, with Financial Post citing expansion to more than 190 countries.
Under the terms described by outlets, Nuvei offers Payoneer shareholders cash consideration of roughly $7.40 per share. Both companies’ boards approve the agreement, and Payoneer shareholders are expected to vote on the deal. Closing is targeted for mid-2027, according to reporting, and remains subject to regulatory approvals and other customary closing conditions.
Analysts cited by American Banker frame Payoneer as an attractive addition as payment firms face fast-moving changes across international payments, including increasing competitive pressure from technology developments. Globe and Mail adds that this is Nuvei’s first acquisition since it went private in 2024.
