Payoneer to emerge as the preferred business partner for Indian entrepreneurs and freelancers

Up to 70% cheaper than its nearest competitors

Lucknow: Payoneer, a leading online payments company transforming the way businesses send and receive cross-border payments, today reiterated its commitment to become the preferred business partner for Indian entrepreneurs and freelancers. Payoneer empowers global commerce by connecting businesses, professionals, countries and currencies with its innovative cross-border payments platform. In today's borderless digital world, Payoneer enables millions of businesses and professionals from more than 200 countries to reach new audiences by facilitating seamless, cross-border payments. Additionally, thousands of leading corporations including Airbnb, Amazon, Getty Images, Google, and Upwork rely on Payoneer's mass pay-out services. Founded in 2005 and based in New York, Payoneer is venture-backed, profitable and ranked in the top 100 of Inc. 5000's Financial Services companies. With 12 offices worldwide (including its India HQ in Bangalore), it has an enviable talent pool of more than 700 employees globally. Commenting on the brands vision, Mr. Rohit Kulkarni, Country Manager, Payoneer India said “The payments ecosystem in India is witnessing a gradual but steady shift, supported by the onset of consolidation amongst existing market participants and the entry of nimbler and more flexible payment solution providers. Not only is the Indian market underserved, but it is also yet to reach the levels of penetrations of other emerging economies in terms of smartphones (per head) and broadband connectivity.

The Payoneer Advantage:

Cost Effective: Receiving funds from global companies with ZERO transfer fees and save up to 71% on conversion than other payment solutions.

Convenient: Payments are sent directly to your local bank account, in INR.

Compliant: Payoneer is a licensed and registered e-Money issuer across the EU and Money Service Business (MSB) in the US.

Established: More than 700 employees worldwide, with its India HQ in Bangalore.

Global: Growing network of global and local offices throughout North America, Europe and Asia.
Three Service Channels:

Global Payment Service: Provides access to international receiving accounts, allowing global clients to send payments in their local currency. Supports payments from commercial companies in the United States (USD), Europe (EUR), United Kingdom (GBP) and Japan(JPY).

Mass Payout Companies: Payoneer makes it easy to receive funds from more than 2,000 international companies like Upwork, Fiverr, and Airbnb. These companies offer payout solution as part of their service. Freelancers and affiliates, simply sign in to their account on the company’s website and select Payoneer as their payout method.

Billing service: Bill your client and request payment directly from Payoneer. Clients can pay you online using their credit card or company bank account.

FREELANCING: WORK GLOBAL, LIVE LOCAL: Payoneer provides freelancers, freelance marketplaces and service providers with fast, flexible and low cost payment solutions. Freelance marketplaces such as Upwork, PeoplePerHour and Freelancer.com – as well as any U.S. or European company – are able to send funds to their freelancers easily and quickly. Freelancers in 200+ countries worldwide, who would typically encounter difficulties when attempting to receive global payments, are equipped with a host of payment services that remove the headache of getting paid, allowing them to focus on what’s really important. AFFILIATES: MARKET

GLOBAL, LIVE LOCAL: Hundreds of affiliate networks pay with Payoneer, including ClickBank, Somoto, Supersonic, Taptica and MediaShakers – as well as networks built on Cake or HasOffers .Our solutions transcend geographical boundaries allowing your affiliates to withdraw their funds in their local currency and using a payment method that best suits them.

ECOMMERCE: SELL GLOBAL, LIVE LOCAL: Payoneer provides ecommerce marketplaces and online sellers with all the tools required to pay and get paid globally as easily as they do locally. With Payoneer, global marketplaces including Amazon, Wish, NewEgg and Lazada enjoy the convenience of using a single unified interface for initiating, tracking and reconciling disbursements regardless of the location, payment method or currency of the sellers.