Nuvei to buy digital payment platform Payoneer for US$2.75 billion (opens original article in a new tab)

Nuvei Corp. has agreed to acquire Payoneer Global Inc. for US$2.75 billion, expanding its global payment services to over 190 countries and combining with Payoneer's regulatory presence in China and cryptocurrency support. The deal is pending approvals and is expected to generate US$3 billion in annual revenue.

• Nuvei to acquire Payoneer for US$2.75 billion
• Deal expands Nuvei's reach to over 190 countries
• Acquisition includes regulatory footprint in China and support for cryptocurrencies
• Deal pending shareholder and regulatory approvals
• Expected annual revenue of US$3 billion after merger