Payment and commerce-enabling platform Payoneer and financial services technology solutions firm Fiserv have struck a partnership to streamline cross-border payouts for businesses globally.

The two companies are joining forces at a time when cross-border payout volumes are surging globally, especially for businesses focused on the gig economy and marketplaces.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

According to the companies, the tie-up will enable businesses to access Payoneer’s payouts platform through Fiserv’s Carat operating system to send funds payouts to sellers, vendors, contractors, and consumers.

The move will provide businesses with additional payout options in over 190 countries and allow them to settle in local currencies.

Furthermore, businesses will be now able to cater to their customers by providing them with a range of payment options and currencies while minimising the accompanying costs.

Payoneer chief revenue officer Robert Clarkson said: “Today’s businesses realise that success and resilience against the unexpected both necessitate a diverse global network of customers and vendors.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“This has created exponential demand for easy and secure payment solutions to support cross-border transactions. We’re proud to partner with Fiserv to fuel the growth of our mutual clients, and to move forward on our mission of giving businesses of all sizes the tools to be successful locally and globally.”

Fiserv vice president of Digital Payouts Robert Clayton said: “The Carat operating system delivers the solutions large enterprises need to securely enable global pay-in and payout capabilities without being limited by borders, currencies or old ways of thinking.

“Our collaboration with Payoneer furthers the ability of our clients to move money and information globally, enabling them to deliver a highly-localised payout opportunity to their customers.”

Recently, UK-based Trust Payments signed a long-term agreement with Fiserv to support its growth as well as global expansion plans.