The Canadian fintech firm Nuvei is reportedly in advanced talks to acquire cross-border payment company Payoneer in a deal that could gain access to valuable merchant partners
Nuvei is in reported advance talks to acquire cross-border payments company Payoneer Global for $2.7bn.
According to two people with the familiar matter cited by Reuters, the deal will involve private equity firms Advent International, CDPQ, Novacap and could be completed in the coming days.
While plans could change with the deal subject to final approvals, there is a belief that Nuvei intends to combine its merchant payment acceptance business with Payoneer’s business of payment services to suppliers and sellers.
Payment Expert has reached out to Nuvei for comment.
If the acquisition is successful and completed, Nuvei would also be taking on Payoneer partners such as Amazon, eBay and Walmart, according to the sources.
The Canadian fintech firm has expanded its mergers and acquisitions (M&A) activity over recent years to scale its presence globally and become a leading payment service and payout provider.
Nuvei’s most recent acquisition was completed in January 2024 when the company acquired Till Payments. The deal for the Australian PayTech company enabled it to grow its footprint in Australia and New Zealand, as well as integrate Till Payments’ omnichannel payments solutions.
In early 2023, Nuvei acquired Paya Holdings for $1.3bn. This enabled Nuvei to strengthen its B2B payment services across the US, while also adopting Paya’s software vendor client list across industries such as healthcare, government and utilities.
The company was valued at $6.3bn after closing a deal with Advent International to become privatised after Nuvei was acquired.
In its announcement of the transaction, Nuvei stated it stands to benefit from ‘significant resources, operational, and sector expertise’ due to Advent being a ‘longstanding investor in the payments space’.
Exploring Payoneer
Payoneer is a backend payment platform that supports sellers and creators with digital payments acceptance by partnering with the likes of Amazon, Airbnb, TikTok and Google.
Designed to enable fast payments for the e-commerce sector, Payoneer helps small and medium-sized businesses (SMB) by routing their payments for them and not relying on traditional international payment wires.
The cross-border payments company will also convert the businesses’ preferred currency to match the receiver’s account details preferred currency. International clients will also gain access to global payment rails, such as SEPA in Europe and ACH in the US, to enable swift cross-border payments.
In Payoneer’s Q1’ 2026 financial results, the company’s revenue increased by 11% year-over-year as its B2B payment volume segment grew by 44%, driven primarily from strong growth in China and Asia-Pacific.
Payoneer’s SMB revenue increased to $189m by 12% YoY as the company saw increases in marketplace and checkout revenue.
John Caplan, CEO of Payoneer, said: “We’re a profitable, scaled platform in a multi-trillion-dollar B2B market that’s still in the early innings of digitisation, and our strong Q1 results demonstrate we’re capturing share.
“We are executing consistently, moving fast where we see opportunities, and building a business that’s not just larger, but structurally more valuable, with deeper strategic advantages and stronger customer relationships.”
