#None #Financial Technology #Payoneer #SMB growth

Payoneer Expands Payment Capabilities in Mexico and Indonesia

In a significant move to bolster international trade, Payoneer Global Inc. has revealed the expansion of its payment platform with new local collection capabilities in Indonesia and enhanced services in Mexico. This initiative is geared towards assisting small and medium-sized businesses (SMBs) in optimizing their operations within dynamic and high-potential markets.

The financial technology firm aims to empower companies across more than 190 countries, facilitating global business operations, whether through major e-commerce marketplaces or direct business-to-business transactions. By implementing local collection features in these two key countries, Payoneer provides its users with the tools needed to navigate and thrive in an evolving commerce landscape.

In Indonesia, which boasts the largest e-commerce market in Southeast Asia, Payoneer is enabling businesses to collect funds from local buyers and e-commerce platforms efficiently. According to recent data, Indonesia accounts for over half of the online business volume within the ASEAN region, making it a crucial market for growth. Through this new capability, Payoneer users can manage foreign exchange better and deepen their engagement with local marketplaces.

Similarly, the improvement in local collection services in Mexico allows global sellers to navigate local e-commerce more effectively. Payoneer's Mexican peso (MXN) collection services streamline operations, reducing friction for those entering the market while adapting to shifting international demands. Businesses can now transact with various channels more easily, facilitating local collections from prominent e-commerce sites.

Derek Green, the Senior Vice President of Treasury and Payment Services at Payoneer, emphasized the importance of adapting to the changing global trade environment. He stated, "Global trade is dynamic — reshaping in response to macro factors and trade policies. By expanding our capabilities in critical markets like Mexico and Indonesia, we equip our customers with the resources necessary to explore fast-growing markets and leverage our vast e-commerce marketplace ecosystem."

As Payoneer's local collection services are rolled out to customers worldwide, the company's commitment to enhancing its offerings in high-growth regions is clear. Plans for further expansion of local collection capabilities across Latin America and Asia Pacific are underway, aiming to support the ambitious objectives of nearly 2 million Payoneer clients.

By ensuring that small and medium enterprises are well-equipped to handle transactions effectively within their local contexts, Payoneer continues to pave the way for cross-border commerce. Their provision of financial tools and services enables SMBs to confidently navigate the complexities of international transactions, manage multi-currency funds, and scale their businesses efficiently.

Overall, Payoneer is solidifying its role as a crucial player in the financial technology sector, providing essential infrastructure for emerging markets while promoting sustainable business growth for small enterprises globally. The company is not only adapting to changes in trade but is proactively shaping the future of global commerce.

In conclusion, as international trade dynamics continue to evolve, Payoneer's latest expansions underscore its dedication to supporting small business initiatives in emerging markets, illustrating a promising trajectory for both the company and its extensive user base.