Canadian payments technology company Nuvei has agreed to acquire Payoneer Global in an all-cash deal valued at approximately $2.75 billion. The transaction, announced on June 15, 2026, will combine Nuvei’s merchant payment acceptance infrastructure with Payoneer’s extensive cross-border payout network, creating a major global platform for local and international commerce.
Under the terms, Nuvei will pay $7.40 per share in cash for Payoneer, representing a roughly 10% premium to its recent closing price. The combined entity is expected to generate about $3 billion in annual revenue and process more than $500 billion in payment volume across over 190 countries, serving around 2.4 million customers. Nuvei Chairman and CEO Phil Fayer described the deal as a defining step toward building a complete financial infrastructure offering, including payments acceptance, fund transfers, card issuance, treasury management, foreign exchange, and embedded financial services.
The acquisition particularly strengthens capabilities in emerging areas such as stablecoin payments and agentic commerce. Payoneer’s platform, popular among freelancers, marketplaces like Amazon and eBay, and small-to-medium businesses for international payouts, complements Nuvei’s strengths in fiat and digital asset on-ramps and off-ramps. Both companies have been expanding stablecoin functionality, positioning the merged business to capitalize on growing demand for fast, low-cost cross-border transactions using digital dollars and other stable assets.
The deal has been approved by both boards and is expected to close in mid-2027, subject to shareholder approval, regulatory clearances, and other customary conditions. It marks Nuvei’s first major move since going private in 2024 and reflects the ongoing consolidation wave in the payments sector amid rising competition and technological shifts. The transaction underscores the increasing strategic importance of stablecoins and unified global payment rails for fintech leaders.