Payoneer (NASDAQ: PAYO), a financial technology company focused on empowering small and medium-sized businesses (SMBs) globally, has officially acquired Easylink Payment Co., Ltd., a licensed payment service provider based in China.
This strategic acquisition strengthens Payoneer’s position in the Chinese market and enhances its global regulatory infrastructure.
The acquisition of Easylink allows Payoneer to offer enhanced and localized products and services to its customers in China. According to John Caplan, CEO of Payoneer, this move will better serve a diverse range of companies in China, and reinforces Payoneer’s commitment to enabling SMBs to grow their businesses internationally.
Founded in 2005, Payoneer believes that talent is equally distributed, but opportunity is not. The company’s mission is to enable any entrepreneur and business anywhere to participate and succeed in an increasingly digital global economy. This acquisition directly supports that mission by simplifying cross-border commerce and connecting millions of SMBs, particularly in emerging markets, to the global economy.
Payoneer provides a global financial stack that removes barriers and simplifies cross-border commerce. They make it easier for millions of SMBs to connect to the global economy, pay and get paid, manage their funds across multiple currencies, and grow their businesses Payoneer’s services.
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