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March 10, 2021Blog Posts

Fintech start-up Payoneer partners with Mastercard ahead of $3 billion public offering

CNBC

Digital payments company Payoneer is partnering with Mastercard to offer small businesses a digital payments card.

The Payoneer Digital Purchasing Mastercard will allow the company’s customers to make global purchases, connect to mobile wallets and digitally access multiple cards that help streamline business expenses, such as advertising services from GoogleFacebook and Amazon.

“Small businesses will be empowered to choose how they pay and get paid and have immediate access to funds earned, which is critical as the demand for digital payments continues to accelerate,” Sherri Haymond, Mastercard’s executive vice president of digital partnerships, told CNBC.

The deal between Payoneer and Mastercard comes amid an unprecedented surge in the demand for contactless and digital payment solutions during the Covid-19 pandemic, which has benefited technology giants like Apple as well as fintech companies including Square and PayPal.

File:Payoneer logo.svg - Wikipedia

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