Under the terms of the agreement, Nuvei will pay $7.40 per share for Payoneer, representing a premium of about 44% over the company’s closing price on June 8. Payoneer has a market capitalization of roughly $2.26 billion, according to data compiled by LSEG.
The deal follows a Reuters report last week that Nuvei was in advanced discussions to acquire the payments firm.
Payments companies have been consolidating in recent years as they seek to scale operations in areas such as cross-border transactions and business-to-business payments.
Nuvei said the acquisition would also position it for growth in stablecoin-based transactions and AI-driven commerce, while expanding its access to major marketplace clients including Amazon, Walmart, eBay and Airbnb.
The transaction is expected to close in mid-2027, pending regulatory approvals and shareholder votes at Payoneer.
Payoneer provides cross-border payment services that allow businesses to send, receive and manage funds in multiple currencies and operates with licenses in key global markets.
The combined company is projected to generate about $3 billion in annual revenue and process more than $500 billion in yearly payment volume, the companies said.
Reuters reported that Nuvei CEO Phil Fayer said, “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.”
BMO Capital Markets, RBC Capital Markets, Barclays, UBS and Wells Fargo are providing committed financing for the transaction.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