Nuvei makes $2.75B all-cash commitment to take over Payoneer’s business

The Canadian payment processor Nuvei will pay $7.40 per share to take over the cross-border payments firm Payoneer Global (NASDAQ: PAYO). 

The New York-based company is valued at roughly $2.75 billion, making this deal one of the largest fintech acquisitions of 2026 so far.

Why is Nuvei buying Payoneer?

The New York-based Payoneer Global (NASDAQ: PAYO) is being acquired by the Canadian payment processor, Nuvei. 

Payoneer sold its shares at $7.40 each, representing a 44% premium over its closing price on June 8. The company’s shares also climbed 3.4% in premarket trading following the announcement. 

Both companies’ boards have approved the deal, but the transaction still needs approval from Payoneer’s shareholders and regulators in multiple countries before it can be completed in mid-2027.

The deal combines Nuvei’s ability to process payments in over 200 markets and support 720 alternative payment methods with Payoneer’s ability to help businesses move money across borders, manage different currencies, and receive large payments by major online marketplaces. 

Once merged, the two processors will serve upward of 2.4 million customers across more than 190 countries, handle more than $500 billion in annual payment volume, and pull in approximately $3 billion in combined yearly revenue.

Some of Payoneer’s existing clients include Amazon, Walmart, eBay, Shopify, and Airbnb.

Goldman Sachs and Barclays Capital function as the financial advisors for Nuvei, while Qatalyst Partners is Payoneer’s exclusive financial adviser. BMO Capital Markets, RBC Capital Markets, Barclays, UBS, and Wells Fargo have committed financing for the transaction.

What does Payoneer’s bank charter application mean? 

In February this year, after the U.S. passed the GENIUS Act, Payoneer filed an application with the Office of the Comptroller of the Currency to establish a national trust bank charter tied to a stablecoin strategy. 

If approved, this new trust bank would let Payoneer issue its own stablecoin called PAYO-USD. The bank would also manage the reserves backing the stablecoin and provide custody services for digital assets.

Payoneer currently holds money-transmitter licenses across U.S. states, an EU e-money authorization from Ireland, UK Financial Conduct Authority approval, and government clearances in Hong Kong, Japan, Australia, and India.

Payoneer’s CEO, John Caplan, said in a statement that stablecoins will play a big role in the future of global trade, and the new bank would give customers a trusted and regulated way to use the new payment methods.