Payoneer Global Inc. announced on April 9, 2025, the completion of its acquisition of Easylink Payment Co., Ltd., a licensed China-based payment service provider. This acquisition makes Payoneer one of only three foreign payment platforms licensed to offer online payment services in China. The move significantly strengthens Payoneer's global regulatory infrastructure.
The completion of this transaction positions Payoneer to enhance its services for China-based exporters. It will allow the company to provide more localized products and services to these customers. This strategic expansion is crucial for Payoneer's mission to empower small and medium-sized businesses in cross-border trade.
CEO John Caplan stated that the company is honored to be a licensed payment service provider in China. This development is expected to deepen Payoneer's competitive moat in a critical global market. It enables the company to better support businesses diversifying their sales channels beyond traditional routes.
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