Payoneer Global Inc. Stock Price, News & Analysis

Payoneer (NASDAQ: PAYO) has partnered with Naver Z, a subsidiary of Naver Corp., focusing on the digital content creator economy. The collaboration facilitates quicker, more cost-effective payments for ZEPETO's 320 million users, enhancing opportunities for creators to expand their global clientele. Payoneer's global financial infrastructure aims to simplify cross-border transactions, allowing creators to tap into new markets. This partnership signifies Payoneer's commitment to enhancing the payment experience in the growing virtual economy.

Payoneer (NASDAQ: PAYO) has expanded its tax services by introducing 1042 forms, aimed at simplifying tax obligations for marketplaces managing digital royalties for non-US residents. This move facilitates compliance for US-based platforms while enhancing Payoneer’s services in the growing digital royalties sector, which has an estimated 50 to 200 million international content creators. The new service automates tax entity collection, withholding calculations, and IRS filings, streamlining processes for digital content platforms.

Payoneer Global Inc. (NASDAQ: PAYO) will release its second quarter 2022 financial results on August 11, 2022, after market close. Following the announcement, senior management will hold a conference call at 4:30 p.m. Eastern Time to discuss the results. The event will be available via a live webcast and a replay on the Payoneer Investor Relations website. Established in 2005, Payoneer specializes in digital commerce solutions, empowering businesses worldwide with technology and connections.

Payoneer (NASDAQ: PAYO) has partnered with Linnworks to enhance cross-border and B2B payment processing for online retailers. This partnership integrates payment options into the Linnworks platform, allowing merchants to manage payments to suppliers effectively. With improved currency conversion rates, retailers can reduce cross-border fees and expand their marketplace capabilities. Payoneer's SVP highlighted that the collaboration aims to empower businesses in the digital economy, while Linnworks' CEO expressed enthusiasm for increasing customer value through simplified payment management.

Payoneer (NASDAQ: PAYO) partners with EC21, a leading Korean B2B marketplace, to enhance cross-border transactions for Korean SMBs. This integration allows SMBs to manage their Payoneer accounts and process payments in over 190 countries directly on the EC21 platform. EC21 serves 90,000 Korean SMBs and connects them with 2.5 million businesses globally, covering diverse sectors. The collaboration aims to support SMBs in expanding internationally, improving their ability to engage with global markets through localized payment solutions.

Payoneer (NASDAQ: PAYO) and Fiserv (NASDAQ: FISV) have partnered to enhance global payout capabilities for businesses, allowing seamless cross-border transactions in over 190 countries. This collaboration integrates Payoneer's platform with Fiserv's Carat operating system, reducing costs while improving localized customer experiences. With the global cross-border payout market projected to grow 20-30% annually, the need for efficient payment solutions is crucial for businesses engaging in international commerce.

Payoneer (NASDAQ: PAYO) has partnered with SEAGM, a Malaysian digital goods e-commerce platform, to facilitate direct payments to SMBs across multiple countries including India, China, and Turkey. This collaboration aims to enhance SEAGM's payment capabilities, allowing over 11 million active customers to receive payments directly into local bank accounts. Payoneer's technology supports the growing demand in the gaming and digital entertainment sectors, helping sellers expand their product offerings and user base.

Payoneer (NASDAQ: PAYO) has appointed John Caplan as co-CEO alongside Scott Galit, effective immediately. This leadership transition will continue until the end of 2023, when Caplan will become the sole CEO. Galit will retain a strategic role overseeing regulated activities. Caplan, known for his success at Alibaba.com, aims to drive growth and expand Payoneer's product suite, focusing on customer-centric services in the digital economy. The Company's strong financial position and vast opportunities are highlighted as it seeks to enhance shareholder value.

Payoneer Global Inc. (NASDAQ: PAYO) announces participation in upcoming investor conferences. Scott Galit, CEO, and Michael Levine, CFO, will present at Needham’s 17th Annual Technology and Media Conference on May 19, 2022 at 3:00 pm ET, and at William Blair’s 42nd Annual Growth Stock Conference on June 9, 2022 at 2:10 pm ET. Interested parties can access presentations via Payoneer’s investor relations website.