MONTREAL, Canada — Nuvei, a Canadian payment technology company, has agreed to acquire cross-border payments firm Payoneer in a cash transaction valued at approximately $2.75 billion, according to Reuters. The proposed acquisition is expected to rank among the largest consolidation deals in the global payments industry this year.
Under the agreement, Nuvei will pay $7.40 per share for all outstanding Payoneer stock, representing a premium of about 44% to Payoneer’s closing share price on June 8. Payoneer currently has a market capitalisation of about $2.26 billion, according to data cited in the report.
Okay News reports that Nuvei Chief Executive Officer Phil Fayer said the transaction would combine complementary payment capabilities and create a broader platform for businesses operating across multiple markets. The companies said the deal is expected to strengthen their position in emerging areas such as stablecoin transactions and artificial intelligence-driven commerce.
The acquisition will also provide Nuvei with access to Payoneer’s marketplace clients, including Amazon, Walmart, eBay, and Airbnb. Once completed, the combined company is expected to generate about $3 billion in annual revenue and process more than $500 billion in annual payment volume.
Payoneer operates a cross-border payments network that enables businesses to send and receive payments across multiple currencies and jurisdictions. The company holds payment licences in several major markets, a regulatory footprint expected to expand Nuvei’s international reach.
The transaction is expected to close in mid-2027, subject to shareholder approval and regulatory clearances. The deal follows continued consolidation in the financial technology sector as firms seek greater scale in cross-border payments and business-to-business transaction services.
