Payoneer Global (NASDAQ:PAYO), Inc. (NASDAQ: PAYO) is a financial technology company specializing in cross-border digital payments and working capital solutions. Founded in 2005 and headquartered in New York City, Payoneer has developed a cloud-based platform that enables businesses, online marketplaces and individual professionals to send, receive and manage funds across more than 200 countries and territories in over 150 currencies. The company’s core offering revolves around multi-currency receiving accounts, global payment services and secure disbursement tools designed to simplify international commerce.
At the heart of Payoneer’s product suite is the Payoneer Account, which provides users with virtual bank details in key currencies such as USD, EUR, GBP and JPY. This service allows businesses and freelancers to invoice clients and collect payments as if they held local bank accounts in major economies. In addition, Payoneer issues a prepaid Mastercard that enables instant access to funds, ATM withdrawals and point-of-sale transactions worldwide. Payoneer also offers specialized services including mass payouts for marketplaces and platforms, supplier payments for small and medium-sized enterprises, and working capital advances tailored to high-growth companies and independent contractors.
Over the years, Payoneer has formed strategic partnerships with leading global marketplaces and e-commerce platforms such as Amazon, Airbnb, Fiverr and Upwork, facilitating seamless payment workflows for digital sellers and gig economy professionals. The company has expanded its footprint in key regions including North America, Europe, Latin America, Asia-Pacific and Africa, leveraging local payment rails and compliance expertise to support emerging markets. Payoneer has also pursued strategic acquisitions to enhance its technology stack and broaden its range of financial services.
Payoneer’s executive leadership is led by President and Chief Executive Officer Scott Galit, whose tenure has driven product innovation and global expansion. The management team combines deep experience in financial services, payments infrastructure and regulatory compliance to maintain the company’s focus on secure, reliable and cost-effective cross-border transactions. Through ongoing investment in technology and partnerships, Payoneer seeks to empower businesses of all sizes to participate fully in the global digital economy.
