Payoneer and Airbnb Expand Long-Term Relationship to Allow Hosts in Additional Countries to Get Paid in Local Currency
September 19 2023 - 8:00AM
Business Wire
Airbnb retains Payoneer as a preferred global payment
provider for another three years
Payoneer (NASDAQ: PAYO), the financial technology company
empowering the world’s small and medium-sized businesses to
transact, do business, and grow globally, has extended and expanded
its strategic partnership with Airbnb. Payoneer is a preferred
payment provider for Airbnb across multiple countries, enabling
Hosts to get paid quickly and locally.
Payoneer’s platform connects businesses around the world through
a scaled infrastructure and a global, resilient network of bank
partners. This not only allows Airbnb Hosts in such locations to
get paid locally but also to access and spend funds in a variety of
ways, among other benefits.
Payoneer offers a range of financial services including global
payouts in over 190 countries and territories and access to a
Payoneer Account to view and manage transactions, including
payments, point-of-sale purchases, and withdrawals. This includes
loading funds received directly onto their Payoneer Commercial
Mastercard, a corporate debit card that supports cash flow
management, expense tracking, offers rewards, and more.
“As payment provider for Airbnb, our decade-long collaboration
highlights the value of Payoneer’s unparalleled global reach and
our ability to connect people at scale through one of the world’s
largest and fastest-growing travel marketplaces,” said Ya Wen,
SVP of Americas at Payoneer.
“Payoneer has been a flexible and responsive provider supporting
us with a resilient platform, expansive infrastructure, and
extensive capabilities in emerging markets where we see high-growth
opportunities,” said Sunny Walia, Head of Payments Partnerships
and Economics Airbnb.
To learn more about how Payoneer supports Airbnb and other
clients, please visit:
https://www.payoneer.com/industries/vacation-rental-hosts/.
About Airbnb
Airbnb was born in 2007 when two Hosts welcomed three guests to
their San Francisco home, and has since grown to over 4 million
Hosts who have welcomed 1.5 billion guest arrivals in almost every
country across the globe. Every day, Hosts offer unique stays and
experiences that make it possible for guests to connect with
communities in a more authentic way.
About Payoneer
Payoneer is the financial technology company empowering the
world’s small and medium-sized businesses to transact, do business
and grow globally. Payoneer was founded in 2005 with the belief
that talent is equally distributed, but opportunity is not. It is
our mission to enable anyone anywhere to participate and succeed in
the global digital economy. Since our founding, we have built a
global financial platform that has already made it easier for
millions of SMBs, particularly in emerging markets, to pay and get
paid, manage their funds, and grow their business.
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” within the meaning of the “safe
harbor” provisions of the United States Private Securities
Litigation Reform Act of 1995. Forward-looking statements generally
relate to future events or Payoneer’s future financial or operating
performance. For example, projections of future volume, revenue,
transaction cost and adjusted EBITDA are forward-looking
statements. In some cases, you can identify forward-looking
statements by terminology such as “may,” “should,” “expect,”
“intend,” “plan,” “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: (1) changes in
applicable laws or regulations; (2) the possibility that Payoneer
may be adversely affected by geopolitical and other economic,
business and/or competitive factors; (3) Payoneer’s estimates of
its financial performance; (4) the outcome of any legal
proceedings; and (5) other risks and uncertainties set forth in
Payoneer’s Annual Report on Form 10-K for the period ended December
31, 2022 and future reports that Payoneer may file with the SEC
from time to time. 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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