Nuvei in advanced talks to buy Payoneer for $2.7B

Nuvei is in advanced talks to acquire Payoneer for $2.7 billion, a price that includes Payoneer’s cash and implies an enterprise value of about $2.3 billion. People involved expect an agreement could be signed within days, although talks remain ongoing and could still fall through.

Nuvei is a Montreal-based payments company that was taken private in 2024 in a $6.3 billion buyout led by private equity firm Advent Capital.

Payoneer is headquartered in New York and operates a business-to-business payments network that connects buyers and sellers across borders. Its customer base includes e-commerce platforms such as Amazon, Walmart and eBay.

Much of Payoneer’s revenue comes from online sellers in emerging markets who sell to customers in the United States and Europe. Recent changes in U.S. tariff policy have increased uncertainty for some of those merchant customers, affecting cross-border commerce and pricing.

In February, Payoneer applied for a U.S. national trust bank charter as part of plans to expand digital-asset and stablecoin capabilities and to integrate token-based settlement options into its payments ecosystem.

A transaction would broaden Nuvei’s cross-border footprint and add Payoneer’s marketplace and seller network. For Payoneer, a sale would return the company to private ownership after several years as a public firm and provide access to Nuvei’s technology and capital.

Negotiations are continuing on final terms. Any agreement would be subject to customary regulatory approvals and closing conditions, and either party could decide not to proceed until contracts are signed.