Payoneer is a global payment service provider, which was established in 2000. Payoneer facilitates global online money transfer and currency payments for individuals, businesses and organizations. The Company operates through two segments: Payment Services and Corporate Services.
The Payment Services segment facilitates international payments for its customers by enabling them to send payments to users of other online payment platforms such as PayPal and Neteller, as well as facilitating the receipt of funds in local currencies through ATM machines or branch offices of international banks; this segment also includes cross-border bill payment solutions offered by partners with whom it collaborates on cross-border transactions processing.
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