- Payoneer is expanding local collection capabilities across Indonesia and in the Mexican Peso.
- The investments aim to scale infrastructure and capabilities that support Payoneer’s global payments and commerce ambitions.
- With nearly 2 million customers, Payoneer aims to offer further improved local access and cross-border payment efficiency through 2026.
Global payments company Payoneer made moves to help companies doing business in Indonesia and Mexico this week. The New York-based company expanded its global payment platform in Indonesia and enhanced local collection services in Mexico.
The new capabilities aim to help customers transact and receive funds from local buyers and ecommerce platforms. Payoneer anticipates its platform will facilitate the funds faster and at a lower cost, ultimately helping businesses tap into new, global markets.
In Indonesia, Payoneer will help small businesses collect funds from local businesses. The company aims to offer more control over foreign exchange management while providing increased access to a trade in the largest ecommerce market in Southeast Asia.
For global businesses looking to collect funds in the Mexican Peso, Payoneer has expanded its collection services in that currency. With the expansion, the company is aiming to reduce friction for global sellers who need to collect funds across multiple channels, supporting shifting international demand.
“Global trade is dynamic—reshaping in response to macro factors and trade policy,” said Payoneer SVP of Treasury and Payment Services Derek Green. “For over 20 years, Payoneer has supported and enabled our customers’ global ambitions. By expanding our capabilities in critical markets like Mexico and Indonesia, we continue to empower our customers as they look to expand into fast-growing markets, leveraging our ecommerce marketplace ecosystem to enable access to customer demand on Amazon Mexico, Walmart, Mercado Libre, and Shopee.”
Payoneer was founded in 2005 to help SMBs transact, do business, and grow globally. The company’s global financial stack helps remove barriers and simplify cross-border commerce to make it easier for businesses to connect to the global economy, pay, get paid, manage their funds across multiple currencies, and grow their businesses.
The new capabilities launched this week add to Payoneer’s existing local collection infrastructure across North America, Europe, Latin America, and Asia Pacific.
In today’s announcement, Payoneer disclosed that it plans to expand local collection capabilities in other high-growth markets in Latin America and Asia Pacific later this year to support its almost 2 million customers.
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