Payoneer plans to expand in India, partnering with global marketplaces to support SMBs in service exports.

Payoneer plans to expand its operations in India, targeting the growing service export sector by partnering with global marketplaces like Amazon and Google. The company aims to support outsourcing and small to medium-sized enterprises (SMBs) through a localized approach. With a 54% increase in customer growth in service exports since 2016, Payoneer reported $240 million in revenue and $32 million in net income in Q2 2024, serving around 2 million active customers.

September 25, 2024
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