FISV - Payoneer and Fiserv to streamline cross-border payouts for businesses

Payoneer (NASDAQ:PAYO) and Fiserv (NASDAQ:FISV) has collaborated to streamline payouts to sellers, vendors, contractors, and consumers across borders. The collaboration allows businesses to access Payoneer’s payouts platform via the Carat operating system from Fiserv, enabling the delivery of payouts in more than 190 countries in local currencies, while reducing the accompanying costs. “Today’s businesses realize that success and resilience against the unexpected both necessitate a diverse global network of customers and vendors,” said Robert Clarkson, Chief Revenue Officer at Payoneer. “This has created exponential demand for easy and secure payment solutions to support cross-border transactions. We’re proud to partner with Fiserv to fuel the growth of our mutual clients, and to move forward on our mission of giving businesses of all sizes the tools to be successful locally and globally.” PAYO shares down 2% and FISV down 2.6% premarket.

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Payoneer and Fiserv to streamline cross-border payouts for businesses