Nuvei, the Canadian payments company taken private in a $6.3B deal just two years ago, is reportedly closing in on its biggest acquisition yet. The target: Payoneer Global, the NASDAQ-listed cross-border payments platform that serves freelancers, marketplaces, and e-commerce sellers worldwide.

The deal is valued at approximately $2.7B, implying an enterprise value of around $2.3B for Payoneer. Wall Street’s reaction was swift. Payoneer’s stock surged as much as 27% intraday following the news, its largest single-day gain in four years.

What the deal looks like

The two companies occupy complementary but distinct corners of the payments universe. Nuvei focuses on payment acceptance, the infrastructure that lets merchants take money from customers across borders and currencies. Payoneer sits on the other side of the equation, specializing in payouts to freelancers, contractors, and sellers on platforms like Amazon and eBay.

Before the acquisition rumors surfaced, Payoneer’s market capitalization hovered around $1.75B. A $2.7B price tag represents a meaningful premium, which explains why shareholders were, to put it mildly, enthusiastic about the news.

Reuters reported on June 9 that the discussions are in advanced stages, with a formal agreement potentially arriving soon. Neither Nuvei nor Payoneer has publicly confirmed the deal.

Nuvei’s acquisition playbook

This isn’t Nuvei’s first time shopping for scale. The company acquired Paya in early 2023 for $1.3B, a deal that bolstered its integrated payments capabilities in the US market.

Advent International and other stakeholders took Nuvei private in April 2024 for $6.3B.

For Payoneer, the timing is notable as well. The company recently acquired Boundless, an Ireland-based Employer of Record platform, on January 20, 2026. That deal expanded Payoneer’s services beyond pure payments into workforce management for globally distributed teams.