Payoneer, a fintech company offering online money transfers and digital payment services, announced on 9 April 2024 that it had completed its acquisition of Easylink Payment Co., Ltd., a licensed payment service provider based in China.
John Caplan, CEO of Payoneer, shared that Payoneer serves a diverse range of companies in the country, allowing it to grow its business globally. He added,
“We are honoured to be a licensed payment service provider in China. Our acquisition strengthens our global regulatory infrastructure and positions us to better serve those customers with enhanced and localised products and services.”
In another strategic partnership, in addition to the Payoneer Easylink Payment acquisition, Payoneer and Nequi collaborated and introduced a new integration.
This new service enabled Nequi users to transfer their dollars and euros from Payoneer to Nequi and receive them in Colombian pesos, aiming to do so in minutes.
Nequi, a business unit of Bancolombia S.A., reports having over 21 million users in Colombia. It operates as a digital financial platform offering a variety of financial and non-financial services.
Notably, Payoneer also achieved an annual record volume of $80 billion, according to its fourth quarter and full year ended 31 December 2024.
The fintech organisation achieved 18% in annual revenue growth and record profitability. Its B2B volume of $3.0 billion increased 37% YoY, driven by continued customer acquisition and an increase in average transaction sizes.
In 2025, Payoneer plans to strengthen regulations, upgrade its tech, and improve finances, and one of its move is the completed Payoneer Easylink Payment acquisition.
Source of image: Edited from Freepik