Payoneer Announces New Investment, Services & Corporate Partners in APAC Region

NEW YORK, Feb. 28, 2017 /PRNewswire/ -- Payoneer, an innovative cross-border payments company transforming the way businesses send and receive funds globally, announced today a series of milestones driving its continued growth in the APAC region into 2017. Citing triple-digit percentage growth in new customer acquisition and payment volume, the company has broadened its local presence with six new offices in the region. Furthermore, by launching a series of partnerships with leading Asian partners, and developing new payment services that better connect businesses with the Chinese and Japanese markets, Payoneer is truly connecting the digital economy in Asia to the rest of the world.

• Triple-digit growth in APAC – Asia continues to be a strong driver of growth for Payoneer, reflecting the region's flourishing cross-border eCommerce, digital marketing, freelancing, and vacation rental industries. For the sixth consecutive year, Payoneer's payment volume and customer growth in Asia has hit triple-digit growth rates.
• Leading marketplaces start paying with Payoneer – Payoneer has partnered with local travel-industry giants including Ctrip, WAKA and Tujia, joining the ranks of Alibaba, Amazon, Bigo Live, JD, Lazada and Shopee who pay their international sellers, vendors, vacation rental property owners, and affiliates through Payoneer.
• Launch of new payment services – The recently announced Japanese Yen and Chinese Yuan Payments Services allow Payoneer customers from outside of Japan and China to sell into these markets and collect the local currency with the same ease as domestic businesses.
• Strengthening of local presence and leadership – To better serve the growing network of entrepreneurs and businesses in Asia Pacific, Payoneer has expanded its on-the-ground presence by opening several new offices and hiring country managers. The company has opened six new offices in the APAC region, adding Tokyo, Shanghai, Shenzhen, Manila, Bangalore and Seoul to its Hong Kong hub, along with 80 new local staff members. Japan Country Manager Satoru Nemoto comes on board after more than 3 years leading Groupon Japan as CEO, and over 7 years of leadership in the Amazon Japan team. South Korea Country Manager Jason Chung joins Payoneer from Education First, TripAdvisor, Travelocity and eBay. Both new hires are uniquely qualified to balance the goals of a growing, international, digital company with the needs of the local market.

"I am passionate about helping businesses expand globally, and become more successful," stated Satoru Nemoto. "As CEO of Groupon Japan, I focused on helping local merchants grow, and I look forward to continuing the work of enabling entrepreneurs and companies in Japan to become even bigger players in the global arena. In addition, I am energized by the promise of building up and leading the local Payoneer team. We are still at the beginning of our journey, which makes it even more exciting."

"We're thrilled with our continued growth and great momentum in Asia," explained Patrick de Courcy, Head of Asia Pacific at Payoneer. "With the opening of new offices and launch of new services and partnerships, we look forward to continuing to build on our strength in the APAC region."

About Payoneer
Payoneer empowers global commerce by connecting businesses, professionals, countries and currencies with its innovative cross-border payments platform. In today's borderless digital world, Payoneer enables millions of businesses and professionals from more than 200 countries to reach new audiences by facilitating seamless, cross-border payments. Additionally, thousands of leading corporations including Airbnb, Amazon, Getty Images, Google and UpWork rely on Payoneer's mass payout services. With Payoneer's fast, flexible, secure and low-cost solutions, businesses and professionals in both developed and emerging markets can now pay and get paid globally as easily as they do locally. Founded in 2005 and based in New York, Payoneer is venture-backed, profitable and ranked in the top 100 of Inc. 5000's Financial Services companies.

SOURCE Payoneer

Related Links

http://www.payoneer.com