Payoneer, a US-based cross-border funds firm, is integrating Citi’s blockchain expertise to assist real-time, round the clock intracompany cash transfers. The combination makes use of Citi Token Providers, a tokenized liquidity and cost platform.
Bea Ordonez, CFO, Payoneer, Supply: LinkedIn
This enables Payoneer to maneuver funds between its world accounts in taking part branches and currencies with higher velocity, automation, and transparency. The system offers on the spot liquidity and goals to enhance treasury effectivity by API and blockchain integration with present funds methods.
“Blockchain-based infrastructure is remodeling how cash strikes globally and with Citi Token Providers, we achieve the flexibility to maneuver cash in actual time throughout borders, delivering a quicker, extra environment friendly expertise for our clients,” Bea Ordonez, CFO, Payoneer, commented.
You could discover it fascinating at FinanceMagnates.com: Payoneer Raises $180 Million to Increase its Cross-Border Funds Platform
Regulatory Approvals in Key Markets
The transfer is a part of Payoneer’s technique to increase its world operations. In August 2023, Payoneer Singapore, a subsidiary of Payoneer World, acquired a Main Cost Establishment license from the Financial Authority of Singapore.
Payoneer and Citi have partnered to create a blockchain-based monetary infrastructure enabling 24/7 treasury operations. This innovation goals to reinforce real-time world funds and liquidity administration. #Blockchain #DLT #treasury #funds pic.twitter.com/JyHhlzAYAr
— Nemertec (@nemertec) August 13, 2025
The license permits the corporate to supply cross-border transfers, e-money issuance, and service provider acquisition companies in Singapore, focusing on small and medium-sized enterprises.
In February 2023, Payoneer additionally secured an Digital Cash Establishment license from the UK’s Monetary Conduct Authority by Payoneer Cost Providers UK Ltd.
Nasdaq Debut After $3.3 Billion Deal
Earlier, in 2021, Payoneer went public on Nasdaq by a merger with FTAC Olympus Acquisition Corp, valued at round $3.3 billion. The deal included $563 million in funding, partly from personal traders.
Buying and selling below the ticker ‘PAYO.O’, the corporate aimed to increase investments and acquisitions globally. On the time, Payoneer projected $432 million in income, up from $94.7 million in 2020, reflecting development after the pandemic.
