Nuvei announced on June 15 the acquisition of Payoneer for $2.75 billion in cash, a deal designed to integrate stablecoin transaction capabilities into a combined payments platform spanning merchant acquiring, payouts, foreign exchange, and cards across 190+ countries and territories.
The acquisition price stands at $7.40 per share. The combined entity is expected to close by mid-2027 and will serve 2.4 million customers while processing $500 billion in annual payment volume and generating $3 billion in annual revenue at closing.
Payoneer operates as a cross-border payments and financial platform for businesses, marketplaces, contractors, and sellers. The company holds regulatory assets including licensing for online payment services in mainland China and in-principle authorization as a cross-border payment aggregator in India. Nuvei’s existing platform already covers global acquiring, alternative payment methods, issuing, currency management, fraud and risk controls, bank transfers, real-time payments, and crypto and digital assets. Payoneer’s payout network covers 150 countries and territories, while Nuvei’s platform reaches 150 currencies.
Stablecoin Payments Gaining Institutional Traction
The deal reflects growing momentum in embedding stablecoin settlement into mainstream payment rails. Visa announced in 2023 it was expanding USDC settlement capabilities with merchant acquirers Worldpay and Nuvei using Solana and Ethereum. Nuvei launched a blockchain payment solution in 2024 with Rain, BitGo, and Visa for Latin American merchants, allowing businesses to use stablecoins for faster cross-border B2B payments.
Mastercard agreed in March 2026 to acquire BVNK, a blockchain company, framing the deal around connecting on-chain payments and fiat rails. A CryptoSlate analysis in May 2026 found that stablecoin-linked cards route most transactions through Visa.
A Federal Reserve staff analysis published in March 2026 noted that foreign exchange liquidity, foreign-currency inventories, compliance checks, fiat conversion, and intermediaries may remain relevant in stablecoin-based cross-border models. The analysis underscores that stablecoin infrastructure does not eliminate traditional payment layers entirely, even as it accelerates settlement speed.
Scale and Regulatory Positioning
The Nuvei-Payoneer combination creates a large-scale processor with exposure to both traditional payments and blockchain-based settlement. Payoneer’s regulatory footprint in India and mainland China adds geographic depth to Nuvei’s existing global acquiring infrastructure.
The deal positions Nuvei to compete with Mastercard and Visa in integrating stablecoins into existing payment ecosystems. Visa’s stablecoin settlement pilot across nine blockchains reached a $7 billion annualized run rate, signaling institutional demand for on-chain settlement capabilities.
The acquisition is expected to close by mid-2027, pending regulatory approval. Neither company has disclosed stablecoin-specific payment volume projections for the combined platform.
