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Nuvei in Advanced Talks to Acquire Payoneer for $2.7 B
Nuvei, the Canadian payment‑processing firm that debuted on the Toronto Stock Exchange in September 2020 with a $700 million initial public offering, is reportedly in advanced negotiations to buy New York‑based Payoneer Global Inc. for roughly $2.7 billion in cash and stock, Reuters reported on Tuesday, June 9, 2026.
The purchase price includes Payoneer’s cash balance, which unnamed sources say would bring the enterprise value down to about $2.3 billion. The deal would see Nuvei acquire Payoneer’s global cross‑border payments network, adding a new layer of capabilities to its existing merchant‑payment acceptance services.
Nuvei’s platform serves merchants across North America, Europe, Latin America and the Asia‑Pacific, while Payoneer, founded in 2005, delivers online money‑transfer and digital‑payment solutions to freelancers, suppliers and marketplaces, with a customer roster that includes Amazon, Walmart and eBay.
If the transaction closes, the combined company would merge Nuvei’s acceptance infrastructure with Payoneer’s fund‑transmission system, strengthening its presence in emerging markets and deepening access to marketplace customers. The expansion would also broaden Nuvei’s cross‑border and B2B payment offerings, segments that have become key growth drivers as traditional processing volumes plateau.
Payoneer declined to comment on the report, and Nuvei did not respond to a request for comment. Reuters noted that the parties could sign a definitive agreement within the coming days.
The proposed acquisition is part of a wider fintech trend in which payment firms are using mergers and acquisitions to accelerate growth and acquire complementary capabilities. Earlier this month, a Reuters analysis highlighted activity from OpenFX, Stripe, Mastercard, Flutterwave and Airwallex, all of whom have pursued purchases that add billing, settlement, data or licensing functions.
Industry observers point out that cross‑border payments have become a high‑margin segment for processors, driven by the continued expansion of global e‑commerce and the need for efficient, low‑cost remittance solutions. Payoneer’s network, which supports payments to suppliers, freelancers and sellers worldwide, is well positioned to benefit from this trend.
From a regulatory standpoint, the transaction would need to satisfy competition‑law reviews in Canada, the United States and the European Union, where both companies operate. No regulatory filings have yet been made.
The timing of the talks coincides with a wave of cross‑border payments activity. Earlier this week, OpenFX announced plans to acquire Dutch payments‑infrastructure firm Embed, a move that would give the U.S.‑based company a regulated presence in the European Economic Area and the United Kingdom.
Analysts note that the acquisition would give Nuvei a more diversified revenue mix, combining its merchant‑payment processing fees with Payoneer’s cross‑border transfer fees. The combined entity would also be better positioned to serve large marketplace clients that require both payment acceptance and payout services.
Nuvei’s CEO, Philip Fayer, has long emphasized a strategy of expanding through selective acquisitions. In 2024, Nuvei completed a $1.3 billion purchase of Paya, broadening its reach into new verticals.
The outcome of the Nuvei‑Payoneer talks remains uncertain. The parties have not yet disclosed a definitive agreement, and market participants will be watching for regulatory approvals and shareholder votes. If completed, the transaction would represent one of the largest payments‑sector deals of the year.
In the coming weeks, investors will likely turn to Nuvei’s next earnings report for guidance on how the potential acquisition could affect its financial performance. Payoneer’s shareholders will also monitor the deal, as it could lead to a significant change in the company’s ownership structure and strategic direction.
For now, the acquisition remains at the negotiation stage, with both companies maintaining a low public profile while the deal progresses through due diligence and regulatory review.
The purchase price includes Payoneer’s cash balance, which unnamed sources say would bring the enterprise value down to about $2.3 billion. The deal would see Nuvei acquire Payoneer’s global cross‑border payments network, adding a new layer of capabilities to its existing merchant‑payment acceptance services.
Nuvei’s platform serves merchants across North America, Europe, Latin America and the Asia‑Pacific, while Payoneer, founded in 2005, delivers online money‑transfer and digital‑payment solutions to freelancers, suppliers and marketplaces, with a customer roster that includes Amazon, Walmart and eBay.
If the transaction closes, the combined company would merge Nuvei’s acceptance infrastructure with Payoneer’s fund‑transmission system, strengthening its presence in emerging markets and deepening access to marketplace customers. The expansion would also broaden Nuvei’s cross‑border and B2B payment offerings, segments that have become key growth drivers as traditional processing volumes plateau.
Payoneer declined to comment on the report, and Nuvei did not respond to a request for comment. Reuters noted that the parties could sign a definitive agreement within the coming days.
The proposed acquisition is part of a wider fintech trend in which payment firms are using mergers and acquisitions to accelerate growth and acquire complementary capabilities. Earlier this month, a Reuters analysis highlighted activity from OpenFX, Stripe, Mastercard, Flutterwave and Airwallex, all of whom have pursued purchases that add billing, settlement, data or licensing functions.
Industry observers point out that cross‑border payments have become a high‑margin segment for processors, driven by the continued expansion of global e‑commerce and the need for efficient, low‑cost remittance solutions. Payoneer’s network, which supports payments to suppliers, freelancers and sellers worldwide, is well positioned to benefit from this trend.
From a regulatory standpoint, the transaction would need to satisfy competition‑law reviews in Canada, the United States and the European Union, where both companies operate. No regulatory filings have yet been made.
The timing of the talks coincides with a wave of cross‑border payments activity. Earlier this week, OpenFX announced plans to acquire Dutch payments‑infrastructure firm Embed, a move that would give the U.S.‑based company a regulated presence in the European Economic Area and the United Kingdom.
Analysts note that the acquisition would give Nuvei a more diversified revenue mix, combining its merchant‑payment processing fees with Payoneer’s cross‑border transfer fees. The combined entity would also be better positioned to serve large marketplace clients that require both payment acceptance and payout services.
Nuvei’s CEO, Philip Fayer, has long emphasized a strategy of expanding through selective acquisitions. In 2024, Nuvei completed a $1.3 billion purchase of Paya, broadening its reach into new verticals.
The outcome of the Nuvei‑Payoneer talks remains uncertain. The parties have not yet disclosed a definitive agreement, and market participants will be watching for regulatory approvals and shareholder votes. If completed, the transaction would represent one of the largest payments‑sector deals of the year.
In the coming weeks, investors will likely turn to Nuvei’s next earnings report for guidance on how the potential acquisition could affect its financial performance. Payoneer’s shareholders will also monitor the deal, as it could lead to a significant change in the company’s ownership structure and strategic direction.
For now, the acquisition remains at the negotiation stage, with both companies maintaining a low public profile while the deal progresses through due diligence and regulatory review.
