Canadian financial technology firm Nuvei announced Monday that it has agreed to acquire cross-border payments company Payoneer in an all-cash deal worth approximately $2.75 billion, as part of a broader push to grow its global footprint.
Under the terms of the agreement, Nuvei will purchase every share of Payoneer at $7.40 per share — representing a roughly 44% premium over Payoneer’s closing price on June 8. According to data from LSEG, Payoneer currently carries a market capitalization of around $2.26 billion.
Reuters had reported the previous week that the two companies were deep in acquisition discussions.
The deal reflects a broader trend in the payments industry, where companies have been joining forces to strengthen their presence in high-growth areas like international and business-to-business transactions.
Beyond expanding its global reach, the acquisition is expected to position Nuvei to capitalize on emerging opportunities in stablecoin transactions and commerce powered by artificial intelligence. The deal would also give Nuvei access to a roster of major marketplace clients, including Amazon, Walmart, eBay, and Airbnb.
Once combined, the two companies are projected to generate approximately $3 billion in annual revenue and handle more than $500 billion in payment volume each year.
Nuvei CEO Phil Fayer described the strategic value of the merger, saying: “By combining complementary capabilities, we can offer businesses a more complete platform to accept payments, send funds, issue cards, manage treasury and FX needs, and access embedded financial services – at scale.”
Payoneer specializes in helping businesses send and receive payments across international borders and manage money in multiple currencies. The company holds licenses in several major markets around the world.
The transaction requires approval from Payoneer shareholders as well as regulatory clearances, with an expected closing date in mid-2027.
Financing for the deal is being provided by BMO Capital Markets, RBC Capital Markets, Barclays, UBS, and Wells Fargo. Goldman Sachs is serving as lead financial adviser to Nuvei, with Barclays Capital also in an advisory role. Qatalyst Partners is acting as the exclusive financial adviser to Payoneer.
