Payoneer Canada Registers as a Payment Service Provider, Further Strengthening Payoneer's Global Regulatory Infrastructure

The registration supports continued regulated payment services in Canada, including local-currency collection capabilities.

Rhea-AI Summary

Payoneer (NASDAQ: PAYO) announced that Payoneer Canada has registered with the Bank of Canada as a payment service provider.

The registration is under the Retail Payment Activities Act (RPAA) and supports the continued provision of regulated payment services in Canada, including local-currency collection. Payoneer said the registration strengthens its ability to serve Canadian businesses and businesses seeking to expand into Canada. It also reinforces the regulatory foundation supporting Canadian banking relationships and cross-border payment services. Businesses onboarding with Payoneer Canada can continue accessing services available in Canada through locally tailored onboarding and compliance processes.

Positive

• Minor pointBank of Canada registration completes the regulatory approval process under the Retail Payment Activities Act.
• Minor pointCanadian payment services gain regulatory support for continued provision, including local-currency collection.
• Minor pointCanadian banking relationships gain a reinforced regulatory foundation supporting cross-border payment services.

Negative

• None.

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NEW YORK, Oct. 13, 2026 /PRNewswire/ -- Payoneer (NASDAQ: PAYO), the global financial technology company powering business growth across borders, today announced that Payoneer Canada Limited has been registered with the Bank of Canada as a payment service provider under the Retail Payment Activities Act (RPAA). The registration strengthens Payoneer's ability to serve businesses based in Canada, and businesses looking to expand into the Canadian market, and reaffirms Payoneer's long-term commitment to the region. The registration supports Payoneer's continued provision of regulated payment services in Canada, including local-currency collection capabilities.

This new license delivers value for businesses in Canada operating globally, as well as for companies outside the country transacting with Canadian counterparties, by:

• Expanding regulatory footprint: Payoneer is among Payment Service Providers (PSPs) that have completed the regulatory approval process under Canada's new Retail Payment Activities Act (RPAA), marking an important milestone for the company's local compliance and global regulatory expansion.
• Supporting banking relationships: Registration reinforces the regulatory foundation supporting Payoneer's relationships with its Canadian banking partners and cross-border payment services.
• Enabling continued customer support: Businesses onboarding with Payoneer Canada Limited can continue to access Payoneer services available in Canada, supported by locally tailored onboarding and compliance processes.

"Achieving registration under the RPAA marks an important milestone for Payoneer in Canada," said Tsafi Goldman, Chief Legal & Governance Officer at Payoneer. "It reinforces the global regulatory foundation supporting our customers and partners and reflects Payoneer's commitment to maintain compliance with Canada's regulatory requirements."

Payoneer supports customers in over 190 countries and territories, leveraging a robust network of nearly 100 banking and payment service provider partnerships. Payoneer maintains a strong global regulatory foundation, with licenses across multiple jurisdictions, ensuring customers can trust that their funds are secure, accessible, and supported by the highest compliance standards. Payoneer's expanded regulatory footprint strengthens its ability to support customers operating globally with consistency, reliability, and scale.

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. Payoneer makes it easier for businesses, 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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SOURCE Payoneer

FAQ

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What regulatory registration did Payoneer Canada receive?

Payoneer Canada registered with the Bank of Canada as a payment service provider under the Retail Payment Activities Act (RPAA).

What does Payoneer Canada's registration mean for customers?

The registration supports continued provision of regulated payment services in Canada, including local-currency collection. Businesses onboarding with Payoneer Canada can continue accessing services available in Canada through locally tailored onboarding and compliance processes.