Payoneer and Upwork Extend 15-Year Partnership to Power Global Freelance Payments
Payoneer (NASDAQ: PAYO) extended its 15-year strategic partnership with Upwork, remaining a core global payout infrastructure provider for freelancers worldwide.
Rhea-AI Summary
Payoneer (NASDAQ: PAYO) extended its 15-year strategic partnership with Upwork, remaining a core global payout infrastructure provider for freelancers worldwide. The renewed agreement maintains Payoneer as a primary wallet and “Direct to Local Bank” payout partner across Africa, Asia Pacific, Europe, Latin America, and the Middle East.
Upwork will also act as a Design Partner as both companies explore stablecoin-enabled payouts to meet demand for faster, more flexible access to funds in emerging markets, while jointly connecting Payoneer’s SMB clients with Upwork’s global talent pool.
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Details
News Market Reaction – PAYO
In the May 14 session, PAYO declined 1.22%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- Partnership duration
- 15 years
- Length of Payoneer–Upwork collaboration
- Geographic reach
- 190 countries and territories
- Payoneer network coverage cited in partnership release
- Banking partners
- Nearly 100 banks and PSPs
- Network supporting Payoneer’s global financial infrastructure
Previous Partnership Reports
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Partnership with Oscilar to add AI-driven fraud and risk decisioning.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
stablecoin-enabled payouts financial
fx management financial
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Payoneer continues as a core global payout infrastructure partner to Upwork, providing wallet and "direct to local bank" payouts for international Upwork customers
Under the renewed agreement, Payoneer will continue to serve as a primary wallet and "Direct to Local Bank" payout partner for Upwork, supporting both existing and new international Upwork customers across
The collaboration also marks a new phase of joint innovation. Upwork will join Payoneer as a Design Partner to explore stablecoin-enabled payouts to help address rising demand from freelancers seeking faster, more flexible access to funds in
The companies will also partner on leveraging Upwork's global talent pool to support Payoneer's ecosystem of small and medium-sized business (SMB) clients, helping expand access to cross-border talent and business opportunities.
"Our long-standing partnership with Upwork shows what's possible when deep technical and operational alignment, regulatory strength, and global reach come together to simplify cross-border payments for global talent," said Ya Wen, Senior Vice President of Global Marketplaces, Payoneer. "Through the Payoneer global financial stack, Upwork freelancers gain access to the Payoneer Account, global bank transfers, and FX management—benefits they need to grow their businesses across borders."
Payoneer's global financial infrastructure and regulatory footprint help support secure, compliant cross-border payouts at scale across key international markets. The company's platform is built on a network of nearly 100 banks and payment service providers and continues to support innovation in real time payments and global money movement.
This collaboration reinforces Payoneer's broader mission of powering the infrastructure behind global digital commerce, supporting marketplaces, SMBs and entrepreneurs operating across borders.
About Payoneer
Payoneer is the financial platform for cross-border business and global payments. Payoneer empowers millions of businesses with the financial tools and services they need to grow and transact globally with confidence. We make it easier for SMBs, particularly in emerging markets, to connect to the global economy, pay and get paid across borders, manage their funds across multiple currencies, and grow their businesses.
For more information, visit www.payoneer.com.
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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. 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 events and conflicts, such as
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SOURCE Payoneer
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