Nuvei's $2.75B Payoneer Deal Secures Walmart Payment Access and $3B Revenue
WMT•Nuvei's acquisition of Payoneer for $2.75B at $7.40 per share will grant the combined company $3B in projected annual revenue and over $500B in payment volume processing capacity. The deal also secures access to Walmart's marketplace payment network, potentially enriching Walmart's cross-border payment infrastructure.
1. Deal Overview
Nuvei will acquire all Payoneer shares at $7.40 each in an all-cash $2.75 billion transaction, representing a 44% premium to Payoneer's June 8 closing price. The deal is slated to close in mid-2027 pending shareholder and regulatory approvals.
2. Access to Walmart Marketplace
The acquisition grants the combined company access to major e-commerce platforms, including Walmart's marketplace payment network. This integration is expected to enhance Walmart's cross-border payment capabilities by leveraging Payoneer's multi-currency processing.
3. Combined Financial Profile
Post-transaction, Nuvei and Payoneer are projected to generate approximately $3 billion in annual revenue and process over $500 billion in payment volume. The scale boost positions the company among the top global payment processors in merchant business segments.
4. Strategic Growth Drivers
The merged entity will focus on stablecoin transactions and AI-driven commerce solutions, broadening financial service offerings such as treasury management, FX, and embedded payments. Financing for the deal is backed by major banks including BMO, RBC, Barclays, UBS, and Wells Fargo.
