PYMNTS· PYMNTS·· 7 hours agoAI score55
Affirm plans to acquire Ratepay, while Nuvei plans to acquire Payoneer for $2.75 billion
Affirm and Nuvei Seek Bigger Roles in Merchants’ Payment Operations
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Affirm plans to acquire Ratepay, which serves merchants in Germany, Austria and Switzerland, while Nuvei plans to acquire Payoneer for $2.75 billion, extending its business from payment acceptance into account and cross-border payment services. Payoneer reported that payouts to businesses rose 14% year over year to 7.4 billion, while B2B payment volume increased 59% to 5 billion; Nuvei’s acquisition still requires regulatory approval and is targeted for completion in mid-2027.
Source:PYMNTS · pymnts.com