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Nuvei Acquires Payoneer for $2.75B, Creating Cross-Border Payments Powerhouse
Nuvei has acquired Payoneer for $2.75 billion, combining two major players in cross-border payments and expanding their global reach. The acquisition creates a formidable competitor to both legacy banks and smaller fintechs in international B2B and merchant payments. Smaller payment providers now face increased margin pressure and potential customer churn as scale becomes a key differentiator. Rival payment firms may pursue further M&A to keep pace with the new combined entity.