[21][22] In 2018, former chief economist of Israel, Yoel Naveh, joined the company to lead Payoneer's working capital division.

Daniel Smeds founded and runs optile, and its staff of 75, which will continue to operate as an independent group based out of their current HQ in Munich while also working for Payoneer.

The combined company will operate as Payoneer and have an implied estimated enterprise value of approximately $3.3 billion at closing, with $300 million coming from private investment in public equity (PIPE) from investors including Dragoneer Investment Group, Fidelity Management & Research, and Franklin Templeton.

[36] In May 2022, the company began to offer Payoneer Checkout, a service which enables merchants to work with direct-to-customer (DTC) online stores.

[37][38] In August 2023, it was announced Payoneer had acquired the Israel-based AI data platform, Spott, for an undisclosed sum.

Money received can then be withdrawn to a bank account or used online / at points of sale with the Payoneer debit card.

[12] In order to lawfully remit money within the European Single Market, Payoneer was registered with the Gibraltar Financial Services Commission[54] until Brexit, when it moved to Ireland.

[61][62][63] To protect European Economic Area customers from Brexit-related effects, Payoneer opened a new office in Dublin in May 2020.

[66] Payoneer has a presence in China, and in 2017, it was the exclusive partner and payment service provider of Chinese e-sellers for the Latvian e-commerce platform Joom.

[69] The firm closed its services in the Indian market in 2011 due to certain directives enforced by the Reserve Bank of India (RBI).

[71] The company customized its offerings for the Indian market, with special reporting systems and fund-transfer limits that comply with local rules.

Between 2013 and 2018 Payoneer was involved in illegal transactions by evading OFAC sanctions and agreed to pay US$1.4 million to settle violations.