A US-based cross-border payments company, Payoneer integrates Citi’s blockchain technology to support intra-company transfers 24-hour workdays. The integration uses city token services, tokenized liquidity and payment platforms.
Bea Ordonez, CFO, Payoneer, Source: LinkedIn
This allows Payoneer to move funds between participating branches and global currency accounts with higher speed, automation and transparency. The system aims to provide immediate liquidity and improve financial efficiency through blockchain integration with APIs and existing payment systems.
“Blockchain-based infrastructure will help make money global and city token services gain the ability to move money across borders in real time, providing a faster, more efficient experience for our customers.”
You might think it’s funny on FinanceMagnates.com: Payoneer raises $180 million to expand its cross-border payment platform
Regulatory approval in major markets
This move is part of Payoneer’s strategy to expand global operations. In August 2023, Payoneer Singapore, a subsidiary of Payoneer Global, received a major payment agency license from the Singapore Monetary Authority.
Payoneer and Citi are partnering to create a blockchain-based financial infrastructure that enables 24/7 financial operations. This innovation is aimed at enhancing real-time global payments and liquidity management. #BlockChain #DLT #ReaSury #Payments pic.twitter.com/jyhlzayar
-nemertec (@nemertec) August 13, 2025
The license allows companies to provide cross-border transfers, electronic money issuance and merchant acquisition services in Singapore for small and medium-sized businesses.
In February 2023, Payoneer announced that Payoneer Payment Services UK Ltd.
NASDAQ will debut after a $3.3 billion deal
Previously, in 2021, Payoneer was published to NASDAQ through a merger with FTAC Olympus Acquisition Corp, valued at approximately $3.3 billion. The deal included $563 million in funds, in part, from private investors.
When trading under the ticker “Payo.o,” the company was aiming to expand its investments and acquisitions around the world. At the time, Payoneer projected revenue of $432 million, reflecting post-pandemic growth, starting from $94.7 million in 2020.
