Payoneer Announces Launch of Payoneer Checkout
May 10 2022 - 9:00AM
Business Wire
Company expands into Direct-to-Consumer services with a
payment acceptance product for global SMB webstores
Payoneer (NASDAQ: PAYO), the commerce technology company
powering payments and growth for the new global economy, announces
the launch of Payoneer Checkout, marking the company’s entry into
payment acceptance for direct-to-consumer (DTC) webstores.
The global DTC market has seen significant growth during COVID
and beyond, with DTC eCommerce sales in the US projected to reach
$175 billion by 2023, a 56% growth from 2020. In India, the market
is forecasted to multiply three-fold from 2020 to 2025, reaching a
projected $100 billion in sales. Built for today’s world of open
commerce, Payoneer Checkout offers eCommerce merchants a simpler
way to expand and grow through direct-to-consumer sales all around
the globe.
Building on its leadership in marketplace payments and B2B
payments, the launch of Payoneer Checkout creates a unified
experience for Payoneer's eCommerce merchants across multiple
digital channels. By consolidating all their funds across
marketplace and direct sales channels in Payoneer's multi-currency
accounts, merchants can manage their accounts payable needs, gain
access to working capital, and use their funds to pay for business
expenses such as digital advertising. Payoneer Checkout is
currently available in Asia-Pacific and will gradually be extended
globally.
Merchants can integrate with Payoneer Checkout directly or via
ecommerce platforms, thereby simplifying the way merchants set up
their stores and start accepting payments from customers
worldwide.
Commenting on the announcement, Scott Galit, Chief Executive
Officer of Payoneer said: “Payoneer was founded with the idea
that technology and the internet were transforming commerce and
making it possible for anyone, anywhere to build and grow a digital
business. Today’s SMBs aspire to sell through multiple channels,
which brings about the challenge of managing multiple payment
setups. Expanding into payment acceptance is a very natural
extension of our offering for SMBs, empowering them to participate
in the digital economy by transacting globally as easily as they do
locally. I’m pleased to announce that through Payoneer, SMBs can
now get paid by other businesses, by digital platforms and
marketplaces, and now, by consumers that are drawn to their
brands.”
Keren Levy, President and General Manager of Merchant
Services, Payoneer, said: “The Payoneer ecosystem is all about
connecting SMBs to the global digital economy. Our customers are
already showing a huge amount of enthusiasm about Payoneer Checkout
because figuring out the complex path of how to pay and get paid
across borders is one of the biggest barriers businesses face when
trying to grow globally. Small business owners don’t have time or
resources to optimize complex offerings such as cross-border
payments on their own. Through services like Payoneer Checkout, we
are proud to take another step in our journey to imagine, engineer
and inspire a universal future for commerce in which the entire
world can realize its potential.”
For more information about Payoneer Checkout, visit
https://register.payoneer.com/en/solutions/payoneer-checkout/
About Payoneer
Payoneer is the world's go-to partner for digital commerce,
everywhere. From borderless payments to boundless growth, Payoneer
promises any business, in any market, the technology, connections
and confidence to participate and flourish in the new global
economy.
Since 2005, Payoneer has been imagining and engineering a truly
global ecosystem so the entire world can realize its potential.
Powering growth for customers ranging from aspiring entrepreneurs
in emerging markets to the world's leading digital brands like
Airbnb, Amazon, Google, Upwork, and Walmart, Payoneer offers a
universe of opportunities, open to you.
Forward-Looking Statements
This press release includes, and oral statements made from time
to time by representatives of Payoneer, may be considered
“forward-looking statements”. Forward-looking statements generally
relate to future events or Payoneer’s future financial or operating
performance. In some cases, you can identify forward-looking
statements by terminology such as “may,” “should,” “expect,”
“intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,”
“potential” or “continue,” or the negatives of these terms or
variations of them or similar terminology. Such forward-looking
statements are subject to risks, uncertainties, and other factors
which could cause actual results to differ materially from those
expressed or implied by such forward looking statements. These
forward-looking statements are based upon estimates and assumptions
that, while considered reasonable by Payoneer and its management,
as the case may be, are inherently uncertain. Factors that may
cause actual results to differ materially from current expectations
include, but are not limited to the occurrence of any of the risks
and uncertainties set forth in the section entitled “Risk Factors”
and “Cautionary Statement Regarding Forward-Looking Statements”, as
well as any further risks and uncertainties contained, in
Payoneer’s Annual Report on Form 10-K for the period ended December
31, 2021. Nothing in this press release should be regarded as a
representation by any person that the forward-looking statements
set forth herein will be achieved or that any of the contemplated
results of such forward-looking statements will be achieved. You
should not place undue reliance on forward-looking statements,
which speak only as of the date they are made. Payoneer does not
undertake any duty to update these forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20220510005399/en/
Investor Investor Relations investor@payoneer.com
Media Irina Marciano PR@Payoneer.com
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