Nuvei makes $2.75B all-cash commitment to take over Payoneer's business - Cryptopolitan

* Nuvei has agreed to buy Payoneer for $2.75 billion in cash at $7.40 per share, a 44% premium. * The deal unites Nuvei’s payment acceptance technology with Payoneer’s cross-border infrastructure and marketplace relationships. * Closing is targeted for mid-2027, pending shareholder and regulatory approvals. **The Canadian payment processor Nuvei will pay $7.40 per share to take over the cross-border payments firm Payoneer Global (NASDAQ: PAYO).** The New York-based company is valued at roughly $2.75 billion, making this deal one of the largest fintech acquisitions of 2026 so far. The New York-based Payoneer Global (NASDAQ: PAYO) is being acquired by the Canadian payment processor, Nuvei. Payoneer sold its shares at $7.40 each, representing a 44% premium over its closing price on June 8. The company’s shares also climbed 3.4% in premarket trading following the announcement. Both companies’ boards have [approved the deal](https://www.nuvei.com/posts/nuvei-to-acquire-payoneer-for-2-75-billion-creating-a-leading-global-platform-for-local-and-cross-border-commerce), but the transaction still needs approval from Payoneer’s shareholders and regulators in multiple countries before it can be completed in mid-2027. Once merged, the two processors will serve upward of 2.4 million customers across more than 190 countries, handle more than $500 billion in annual payment volume, and pull in approximately $3 billion in combined yearly revenue. If approved, this [new trust bank](https://www.paymentsdive.com/news/how-a-nuvei-payoneer-merger-would-build-business/822631/) would let Payoneer issue its own stablecoin called PAYO-USD.