Canada's Nuvei Acquires Payoneer for $2.75 Billion

Nuvei will buy cross-border payments firm Payoneer for about $2.75 billion in cash. The Canadian fintech is paying $7.40 per share, a 44 percent premium.

Payment companies are consolidating to expand in cross-border and business transactions. The deal positions Nuvei for growth in stablecoin transactions and AI-driven commerce, granting access to major clients like Amazon, Walmart, eBay, and Airbnb.

Payoneer helps businesses manage multi-currency transactions and holds licenses in major markets. The combined entity expects around $3 billion in annual revenue and over $500 billion in annual payment volume.

The transaction is expected to close in mid-2027, subject to shareholder and regulatory approvals. BMO Capital Markets, RBC Capital Markets, Barclays, UBS, and Wells Fargo are providing committed financing. Goldman Sachs is the lead financial adviser to Nuvei, while Qatalyst Partners advises Payoneer.