Nuvei in negotiations to acquire Payoneer in $2.7 billion deal
Potential merger would combine merchant payments with global cross-border transfer network.
Canadian payments company Nuvei is in advanced talks to acquire cross-border payments firm Payoneer in a deal valued at about $2.7 billion, according to Reuters.
The proposed deal, which includes Payoneer’s cash holdings, implies an enterprise value of roughly $2.3 billion. The companies could sign an agreement in the coming days, though the talks remain ongoing and may still fall apart, Reuters said.
Nuvei, which is backed by private equity firms Advent International, Novacap and Canadian pension investor CDPQ, did not immediately respond to requests for comment. Payoneer and Advent declined to comment.
If completed, the acquisition would combine two complementary businesses in the increasingly competitive cross-border payments sector: Nuvei’s merchant payments infrastructure and Payoneer’s network for sending and receiving money between businesses, freelancers and online sellers.
Payoneer’s platform is widely used by global marketplaces and platforms, including Amazon, Walmart and eBay, giving Nuvei access to a large base of online commerce clients. It would also expand Nuvei’s footprint in emerging markets, where Payoneer has built a significant presence serving smaller businesses and freelancers.
The deal reflects a broader industry trend in which payments firms are seeking scale through mergers and acquisitions, while shifting toward faster-growing segments such as cross-border and business-to-business payments.
Nuvei, based in Montreal, provides payment processing, risk management and payout solutions to merchants globally. Since being taken private in a roughly $6.3 billion buyout led by Advent International in 2024 alongside Novacap and CDPQ, the company has pursued a strategy of growth through acquisitions.
The potential deal comes after a difficult period for Payoneer, which has faced slowing growth, margin pressure and restructuring efforts over the past year.
In December 2025, the company announced layoffs affecting about 30 employees in Israel, with additional cuts expected globally, amounting to roughly 6% of its workforce. At the time, Payoneer had about 1,000 employees in Israel and roughly 2,000 globally.
The company said the changes were part of a broader transformation to streamline product and engineering teams and improve efficiency.
Payoneer faced uncertainty stemming from tariffs and U.S.-China trade tensions, with customers in greater China accounting for 34% of its revenue in 2025, according to company filings.
Though revenue rose 8% to $1.05 billion last year, net income slumped 40% to $73.2 million on a decline in interest income and higher operating expenses.
Nuvei has been active in Israel before, acquiring crypto infrastructure company Simplex for an estimated $250 million in 2021. However, Simplex was shut down four years later.
Reuters contributed to this report.
