Payoneer’s (PAYO) Purchase of Ireland-Based Boundless to Help Grow Europe Reach

Group 1 - Payoneer Global Inc. announced the acquisition of Boundless, an employer of record platform, to expand its services in Europe for international small- and medium-sized businesses [1] - The financial terms of the acquisition were not disclosed, but it follows Payoneer's earlier purchase of EOR platform Skuad for at least $61 million, which has been rebranded as Payoneer Workforce Management [1] - Payoneer received in-principle approval from the Reserve Bank of India to operate as a cross-border payment aggregator, enhancing its access to small- and medium-sized businesses in India [2] Group 2 - Payoneer focuses on cross-border payments for small- and medium-sized businesses, particularly in emerging markets [3] - Analysts have reaffirmed a Buy rating for Payoneer's stock, with a price target of $7.50 [2]