Payoneer has officially completed the acquisition of a licensed payment service provider based in China, which marks an important step toward expanding its global presence. This acquisition is a significant step forward for the company as it improves its position in one of the world’s most important and rapidly changing markets: China.
This revelation is especially significant for freelancers, eCommerce sellers, and multinational firms that operate with Chinese suppliers, clients, or marketplaces. With this acquisition, Payoneer is now better positioned to provide faster, more secure, and completely compliant cross-border payment services.
What the Acquisition Means
By acquiring a company that already holds a local payment license in China, Payoneer can now operate directly within the country. This means the company no longer needs to rely on third-party partners to move money in or out of China — giving users a more direct, streamlined experience.
The acquisition is also a big deal for compliance and regulation, since the payment industry in China is highly monitored. With this local license in place, Payoneer is now fully aligned with Chinese laws and financial systems, which helps ensure smoother transactions and faster processing times.
Why It Matters for Users
If you’re a business owner, freelancer, or marketplace seller working with Chinese partners, this news benefits you in a few key ways:
- Faster cross-border payments between China and other countries
- Fewer intermediaries, which means more reliable transaction timelines
- Better local support for businesses and professionals in China
- Stronger compliance with Chinese financial regulations, reducing risk
This also provides Payoneer users outside China with increased direct access to Chinese markets, suppliers, and manufacturers, particularly for global eCommerce platforms and supply chains.
Payoneer’s Ongoing Global Strategy
This acquisition is part of Payoneer’s larger strategy to expand its services and simplify international payments for businesses everywhere. Recently, Payoneer has focused on entering new markets, building local partnerships, and gaining regulatory approval in more countries — helping users send and receive money globally without friction.
By securing a licensed presence in China, Payoneer is showing its long-term commitment to the region — and to helping its users thrive in one of the world’s largest economies.
The completion of this acquisition gives Payoneer a much stronger foundation in China and brings more benefits to users around the world. As the demand for global payments keeps growing, especially in eCommerce and remote work, having a trusted partner that understands local rules—and operates with full licensing—is more important than ever.
For businesses that want to work smarter and move money with confidence, Payoneer continues to prove it’s one of the top platforms to watch in 2025.
