Nuvei has signed a definitive agreement to buy Payoneer Global for $2.75 billion in cash, paying $7.40 per share in what amounts to a roughly 44% premium over Payoneer’s closing price on June 8, 2026. The deal, announced June 15, combines Nuvei’s merchant acquiring infrastructure with Payoneer’s sprawling cross-border payout network that serves freelancers and major e-commerce platforms like Amazon and eBay.

What the deal actually looks like

The $2.75 billion figure represents equity value, with preliminary talks earlier this month reportedly valuing the transaction at around $2.7 billion, implying an enterprise value of approximately $2.3 billion when accounting for Payoneer’s cash on hand.

Payoneer’s stock surged roughly 25% after reports of advanced acquisition talks surfaced on June 9, suggesting the market had largely priced in the possibility before the formal announcement landed six days later.

The transaction is expected to close in mid-2027, contingent on shareholder and regulatory approvals. Both sides have built in meaningful guardrails: Payoneer faces an $89 million termination fee if it walks away under certain circumstances, while Nuvei’s breakup fee runs considerably higher at $165 million.

For context, Nuvei itself was taken private in a $6.3 billion deal by Advent International back in 2024. So a company that was bought for $6.3 billion is now spending $2.75 billion on an acquisition of its own.

Why this matters for crypto and digital assets

Both Nuvei and Payoneer have been building out digital asset capabilities. Nuvei already offers stablecoin on-ramps and off-ramps and has been involved in USDC settlement workflows. Payoneer, meanwhile, has rolled out its own stablecoin services aimed at its core user base of freelancers and marketplace sellers who frequently deal with the headaches of cross-border currency conversion.

The bigger picture: payments consolidation isn’t slowing down

Nuvei’s strength lies in helping businesses accept payments. Payoneer’s strength lies in distributing payments across borders to individuals and small businesses. The overlap is minimal, which makes the integration story more credible than acquisitions where two companies are basically buying each other’s market share.

The mid-2027 closing timeline introduces execution risk. The $165 million reverse termination fee from Nuvei suggests both parties are aware that regulatory hurdles represent the primary risk to completion.