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26 Oct 2021, Edition - 2296, Tuesday

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Payoneer to provide hassle-free money transactions worldwide for city businesses

Covai Post Network


New York based online payment company Payoneer is aiming to transform the way businesses send and receive cross-border payments in India. It aims to provide low-cost and quick funds transfer from businesses worldwide to local bank accounts in INR.

The company, founded in 2005, ranks in the top 100 of Inc. 5000’s Financial Services companies. With 12 offices worldwide, the company opened its India HQ in Bangalore in May 2016.

Payoneer plans to tap into the city’s business community which comprises merchants, start-ups, manufacturers, artisans, etc., who are striving to expand and venture into the global market. Rohit Kulkarni, Country Manager, Payoneer India, said, “It’s our endeavour to emerge as the preferred business partner to the local business community by providing them cost effective, convenient and secure money transfer globally.”

Payoneer help its clients send mass payments to payees in over 200 countries and regions, in over 150 currencies. Payees receive money into their Payoneer account within minutes and can access it via transfer to a local currency bank account or prepaid Master Card. In addition to this, Payoneer has dedicated 24/7customer support in 35 languages for payees.

The company already has 2000 clients, including Google, Amazon and Getty Images. It has partnerships with Master Card, Bank of America, Barclays Bank, Deutsche Bank and more. Payoneer is expected to become the most preferred funds transfer platform as it charges only a 2% transaction charge.

To know more, visit: www.payoneer.com

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