Nuvei is in advanced discussions to acquire cross-border payments firm Payoneer for roughly US$2.7 billion, according to people familiar with the matter, as reported by Reuters.
The potential transaction aims to merge Nuvei’s merchant payment capabilities with Payoneer’s extensive global payout network.
The proposed US$2.7 billion purchase price incorporates Payoneer’s cash reserves, placing the enterprise value at approximately US$2.3 billion.
Nuvei could finalise an agreement in the coming days, though talks remain ongoing and plans could still change.
An acquisition would grant Nuvei deeper access to emerging markets and large online marketplace clients, including Amazon, Walmart and eBay.
The move reflects a broader trend among payment companies seeking scale through acquisitions, particularly in the cross-border and business-to-business sectors amid slower growth in traditional payment processing.
Nuvei has actively pursued expansion since private equity firm Advent International, alongside Novacap and CDPQ, took the Montreal-based company private in a US$6.3 billion buyout in 2024.
Payoneer holds a market capitalisation of around US$1.7 billion at the time of reporting. The company generates much of its revenue from emerging market businesses selling into the United States and Europe.
The firm has exposure to geopolitical and trade-related risks stemming from tariffs and trade tensions between the US and China.
Customers in greater China accounted for 34% of Payoneer’s revenue in 2025, according to company filings.
While the company increased its revenue by 8% to US$1.05 billion last year, its net income dropped 40% to US$73.2 million due to declining interest income and rising operational costs.
Featured image credit: Edited by Fintech News Singapore, based on image by John Caplan via LinkedIn
