Payoneer has expanded its offering with Payoneer for Banks, a new programme which seeks to boost the ability of financial institutions to provide businesses of all sizes with a seamless way to make or receive cross-border payments.
The programme already includes partnerships with ten banks and eWallets in ten countries, with many more in the works.
Payoneer for Banks shares the fintech’s global capabilities with traditional financial institutions and eWallets via simple API integrations. These capabilities include secure, low-cost international payments in real-time and access to Payoneer’s ecosystem of leading global marketplaces, all available to customers from within the banking platform they already use.
Michael Rogalskiy, Cofounder of neobank Monobank noted, “We focus on creating a bank that customers would love, and that drives a lot of our decisions. It was extremely easy to work with Payoneer, because we have the same shared values and the same ideas around money transfers. Our integration allows our customers to have a better user experience, lower fees, and faster access to their international earnings. It’s a relationship that brings value for us, for Payoneer, and for our shared customers.”
Payoneer’s bank partners include challenger and incumbent banks and eWallets, in both emerging and developed markets, that share an interest in serving digital entrepreneurs. Already in the program are ANNA Money in the UK, Bank Asia in Bangladesh, BSB Bank in Belarus, EasyPay in Armenia, GCash, the leading mobile wallet in the Philippines, eZ Cash in Sri Lanka, Faysal Bank and JazzCash in Pakistan, Kuda Bank in Nigeria, Privatbank and Monobank in Ukraine, and Prex in Argentina.
Payoneer is also finalising additional partnerships with leading institutions like CashBaba in Bangladesh, IBK and KB Kookmin Bank in Korea, Ligo-La Mágica in Peru, ModulBank and QIWI Bank in Russia, Open in India, along with other partners all over the world. With this programme, Payoneer provides tools for banks and makes it easier than ever for businesses to transact across borders.