Payoneer picks Philippines as Southeast Asia hub

• Mar 16, 2018

MANILA, Philippines — Payoneer, a New York-based cross-border payments company for digital services, platforms and small and medium businesses, has identified the Philippines as its regional hub in Southeast Asia amid the country’s growing economic fundamentals.

Payoneer CEO Scott Galit, who is in the country for a visit, expressed confidence in the continued growth of the business here and the rest of the region.

 “Growth in the region has been a significant contribution to Payoneer’s global business, along with its impact on the growth of freelance and outsourcing industries,” Galit said.

Payoneer connects businesses, professionals, countries and currencies with its cross-border payments platform. It enables businesses and professionals from more than 200 countries to reach new audiences by facilitating seamless, cross-border payments.  Services are fast, flexible and secure, allowing businesses and professionals in both developed and emerging markets to pay and get paid globally as easily as they do locally.

Among the leading corporations that use Payoneer’s platforms are Amazon, Google, Airbnb, UpWork and Getty Images.

Since its 2016 launch, Payoneer Philippines has seen a 472 percent surge in the number of active monthly users, leading to a record 483 percent growth in monthly core payment volume and 663 percent year-on-year billing service payment volume growth.

Payoneer regional head Miguel Warren said the steady global rise of the freelance economy fuels Payoneer’s phenomenal growth.

He said the company’s expansion has empowered small businesses.

Source: https://www.philstar.com/business/2018/03/16/1797074/payoneer-picks-philippines-southeast-asia-hub#2t6hIVpvbTFMH6Uj.99