Canadian payment technology company Nuvei has agreed to acquire cross-border payments firm Payoneer for approximately $2.75 billion in cash. This proposed acquisition is set to be one of the biggest consolidation deals in the global payments industry this year, the companies announced on Monday.
Nuvei will pay $7.40 per share for all outstanding Payoneer stock, representing a premium of about 44% to Payoneer’s closing price on June 8. Payoneer currently carries a market capitalisation of roughly $2.26 billion, according to LSEG data.
Nuvei CEO Phil Fayer stated that the deal brings together two complementary businesses to create a more complete payments platform for clients operating across multiple markets. "By combining complementary capabilities, we can offer businesses a more complete platform to accept payments, send funds, issue cards, manage treasury and FX needs, and access embedded financial services at scale," Fayer said.
The acquisition is expected to position Nuvei for growth in stablecoin transactions and AI-driven commerce. It will also grant Nuvei direct access to Payoneer’s major marketplace clients, including Amazon, Walmart, eBay, and Airbnb.
The combined company is anticipated to generate around $3 billion in annual revenue and process over $500 billion in annual payment volume once the transaction is completed. Payoneer facilitates cross-border payments and multi-currency transactions, holding payment licences in several major markets, which will significantly extend Nuvei’s global reach.
The transaction is expected to close in mid-2027, contingent upon shareholder approval at Payoneer and regulatory clearances. BMO Capital Markets, RBC Capital Markets, Barclays, UBS, and Wells Fargo are providing committed financing for the deal. Goldman Sachs is acting as lead financial adviser to Nuvei, with Barclays Capital also advising, while Qatalyst Partners is serving as exclusive financial adviser to Payoneer.
This planned acquisition reflects a broader trend of consolidation in the global payments industry, as companies aim to expand in faster-growing segments like cross-border and business-to-business payments. Nuvei’s acquisition of Payoneer represents its most significant acquisition to date in terms of deal size and strategic reach.
In a related development, Nairametrics reported in January 2026 that Flutterwave acquired Nigerian open banking startup Mono in an all-stock deal valued between $25 million and $40 million. This acquisition combines key players in Africa’s fintech infrastructure, with Mono continuing to operate as a standalone product.
