Nuvei has agreed to acquire Payoneer Global Inc. in an all-cash transaction valued at approximately $2.75 billion, the two companies said on Monday. The deal will see Nuvei pay $7.40 per Payoneer share, taking the Nasdaq-listed cross-border payments group private and folding it into the Canadian payments platform.
The transaction ranks among the larger fintech M&A trades of the year and marks a significant expansion of Nuvei's footprint in cross-border payments, small-business banking and marketplace services. Payoneer, which trades under the ticker PAYO, has built a global network serving freelancers, small businesses and e-commerce sellers moving money across borders.
DEAL STRUCTURE AND ADVISERS
Under the definitive agreement, Payoneer shareholders will receive $7.40 in cash for each share held, with no equity component. All-cash structures give target shareholders certainty of value but leave the buyer to fund the purchase price from cash on hand, debt or a mix of the two, a decision often shaped by prevailing credit market conditions.
Goldman Sachs and Barclays are acting as financial advisers to Nuvei on the deal, while Qatalyst Partners is advising Payoneer. Those adviser line-ups reflect the scale of the transaction and the international nature of both parties, which operate across regulated payments markets in North America, Europe and Asia.
The transaction is subject to approval by Payoneer shareholders, regulatory clearances and other customary closing conditions. The two sides said the deal is expected to close in mid-2027, a timeline consistent with the multi-jurisdictional regulatory review typical of cross-border payments combinations of this size.
STRATEGIC RATIONALE IN CROSS-BORDER PAYMENTS
For Nuvei, the acquisition brings a large book of small-business and gig-economy customers together with the group's existing merchant and platform capabilities. Payoneer's franchise is anchored in serving sellers, freelancers and marketplaces that need to receive, convert and disburse funds across multiple currencies and payout rails.
The two businesses overlap in some cross-border corridors while offering distinct product suites, giving the combined group scope to cross-sell services into existing customer bases. Cross-border payments has become one of the more heavily contested segments of fintech, with incumbent banks and specialist providers competing on price, coverage and integration.
Payoneer's listed status has provided it with regular public disclosure and a currency for acquisitions, but has also exposed the company to the valuation swings that have affected the wider fintech cohort. Taking the business private under Nuvei's ownership will remove those market pressures and align operating decisions with a single strategic owner.
For customers, both companies signalled that services would continue as normal through the closing period, with product roadmaps and pricing to be reviewed as the integration is planned. Regulators in the jurisdictions in which Payoneer holds licences will need to sign off on the change of control before closing.
The transaction is one of the largest fintech deals of 2026 to date and underscores the continued consolidation in the sector, as scale and multi-product reach become increasingly important in competing for merchant and small-business wallet share. Nuvei and Payoneer said further updates on integration planning would be provided as the deal progressed through the regulatory review and shareholder-vote milestones set out in the definitive agreement.