Payoneer Global Inc., commonly referred to as PAYO, is a leading financial services company that provides businesses, online sellers, and freelancers with an efficient way to conduct online transactions. The company operates on a global scale and helps in simplifying cross-border transactions. Established in 2005 and headquartered in New York, Payoneer is a bridge that connects businesses, professionals, countries, and currencies with its innovative cross-border payments platform.
Payoneer's main product is a prepaid MasterCard that has a use at any place where MasterCard is accepted. It also offers services like online money transfer and digital payment services. With Payoneer, users can receive and send funds into their bank account, Payoneer e-wallet, or onto a re-loadable prepaid Mastercard debit card that can be used online or at points-of-purchase.
Over the past decade and a half, Payoneer has developed a strong reputation for its reliability, ease of use, and straightforward pricing. The company is trusted by some of the world's leading brands, including Amazon, Airbnb, Google, Upwork, and Fiverr. Payoneer is a platform that not only helps businesses expand globally, but also enables general online transactions to be conducted conveniently and efficiently.
Focusing on the modern digital economy, Payoneer supports transactions involving more than 150 different currencies, offering its services in over 200 countries and regions. The platform also provides 24/7 customer service in multiple languages.
Of particular importance to Payoneer's client base is its emphasis on security. The company uses data encryption to protect users and follows stringent regulatory standards to ensure the safety of transactions. In addition to its transactional services, Payoneer offers comprehensive risk management and fraud protection services to its users.
In terms of its corporate structure, Payoneer is privately held, with a board comprised of seasoned veterans from the finance industry. Scott Galit serves as the CEO, leading the company’s strategy and operations. Today, Payoneer is more than a payment gateway; it is a bridge between businesses and consumers around the world, serving as a vital tool for e-commerce, digital marketing, gig economy, and more. The platform continues to grow, making global transactions easier and more accessible for everyone involved.