Canadian crypto firm Nuvei to acquire Payoneer for $2.75B

Canadian crypto payment technology company Nuvei is acquiring global financial services firm Payoneer for $2.75 billion, Bloomberg reported. The deal will merge two North American payment companies that collectively process over $500 billion in annual payment volume. Both Nuvei and Payoneer provide payment services for individuals and businesses and support stablecoin payments. The combined entity is expected to generate approximately $3 billion in annual revenue.