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Payoneer launches API

Wednesday 15 February 2017 | 12:10 PM CET

Payoneer, a provider of payment technologies that lets vendors sell to international customers in local currencies — allowing for easier cross-border payments, has launched an API.

The move lets billing companies and service providers embed payment technologies in their existing services.

Software services companies are now competing globally for customers, and Payoneer allows companies to operate globally and get paid locally.

The move can also be a boon to companies who have large, distributed, workforces, according to the company.

The API launch comes on the heels of a YUGE October financing round, which netted the company USD 180 million in new cash.

Payoneer is backed by investors including Wellington Management, TCV, Susquehanna Growth Equity, the Chinese financial services firm, Ping An, Carmel Ventures and Greylock Partners.

The company supports payments in over 200 countries and territories and can handle over 150 different currencies.

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