Canadian payments firm Nuvei is in advanced talks to acquire New York-based Payoneer Global, a cross-border payments company, for about US$2.7 billion, according to two people familiar with the matter.

The price includes Payoneer’s cash and implies an enterprise value of about US$2.3 billion, the sources said. The companies could sign a deal in the coming days, though talks are ongoing and may still fall through.

The price is above Payoneer’s recent US$2.14 billion market capitalization, suggesting a premium for shareholders.

Payoneer reported US$497.1 million in cash and cash equivalents as of June 30, 2025. In the second quarter of 2025, it processed US$20.7 billion in payment volume across 559,000 active customer accounts.

Nuvei is backed by Advent International, Novacap, and CDPQ after its 2024 take-private deal, which valued the company at about US$6.3 billion.

Any acquisition would likely face regulatory and payments license reviews across multiple jurisdictions.

🔗 Source: Reuters

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