Nuvei's $2.75B Payoneer Deal Integrates Stablecoins into Mainstream Payments

Nuvei has agreed to buy Payoneer for $2.75 billion in cash, marking a significant move towards integrating stablecoins into mainstream payment infrastructure.

The deal centers around money movement through merchant acquiring, payouts, FX, cards, risk controls, and licenses, with both companies placing stablecoins inside the payment stack.

This integration of stablecoins into regulated commerce infrastructure has far-reaching implications for cross-border payments and settlements. The combined company is expected to generate approximately $3 billion in annual revenue and process more than $500 billion in annual payment volume for over 2.4 million customers.

Nuvei's acquisition of Payoneer extends its existing work with stablecoins, including a blockchain payment solution launched in 2024 with Rain, BitGo, and Visa for Latin American merchants.