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Payoneer Expands Capabilities in Mexico and Indonesia
Prnewswire· 2026-01-29 13:00
Core Insights - Payoneer is expanding its global payment platform with new collection capabilities in Indonesia and enhanced services in Mexico, aimed at supporting businesses in high-potential markets [1][4][6] Company Overview - Payoneer is a financial technology company that empowers small and medium-sized businesses (SMBs) in over 190 countries to conduct business globally, facilitating transactions on major ecommerce platforms [3][8] - The company focuses on enabling SMBs to be local to their customers in the markets they serve, enhancing their ability to access new growth opportunities [3][4] Market Expansion - The launch of local collection capabilities in Indonesia allows SMBs to collect funds directly from local marketplaces, providing better control over foreign exchange management [5] - In Mexico, the expanded collection services in Mexican pesos (MXN) reduce friction for global sellers, enabling local collections from major ecommerce platforms [6][7] Strategic Goals - Payoneer aims to empower its customers to expand into fast-growing markets by leveraging its ecommerce marketplace ecosystem, including platforms like Amazon Mexico, Walmart, Mercado Libre, and Shopee [7] - The company plans to further expand local collection capabilities in high-growth markets throughout 2026, enhancing its infrastructure to support nearly 2 million customers [7]