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PAYONEER

PAYONEER

WHAT IS PAYONEER?

Payoneer is an innovative cross-border payment platform that connects businesses and professionals across countries and currencies. Payoneer enables millions of businesses and professionals from more than 200 countries to reach new audiences by facilitating seamless, cross-border payments. Thousands of leading companies including Google, Airbnb, Fiverr and Getty Images rely on Payoneer’s mass payout services.

In India, Payoneer solutions help small businesses, entrepreneurs and service providers get paid from their international clientele in a hassle-free way in INR.

Payoneer acts in India as an online payment gateway service provider (as prescribed by the Reserve Bank of India) (“OPGSP”) for the purpose of facilitating certain payment services.

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Services

Account holders can send and receive funds using an e-wallet, a virtual bank account number in a local currency or a re-loadable prepaid MasterCard debit card. Money received can then be withdrawn to a bank account or used online / at points of sale with the Payoneer debit card. The company specializes in facilitating cross-border B2B payments. It provides cross-border transactions in 200 countries and territories and more than 150 local currencies, with its cross border wire transfers, online payments, and refillable debit card services.

Companies like Airbnb, Amazon, Google and Upwork use Payoneer to send mass payouts around the world. It is also used by eCommerce marketplaces such as Rakuten, Walmart and Wish.com, freelance marketplaces such as Fiverr and Envato, and works with ad networks to connect these firms with publishers based outside of their headquartered country.

In the content creation space, Payoneer works with Getty Images, iStock, Pond5, and others as well as in the freelance marketplace.

Payoneer has a customer care team with 320 employees who support 4 million customers in 70 languages, operating in 150 different currencies.

In October 2019, the company launched a service aimed for small and medium-sized businesses to send payments anywhere in the world quickly and cheaply.


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