Payoneer Taps Citi Blockchain and Token Services for Cross Border Transfers

Payoneer, a US-based cross-border payments company, is
integrating Citi’s blockchain technology to support real-time, round-the-clock
intracompany money transfers. The integration uses Citi Token Services, a
tokenized liquidity and payment platform.

Instant Liquidity Enabled via Blockchain Integration

This allows Payoneer to move funds between its global
accounts in participating branches and currencies with greater speed,
automation, and transparency. The system provides instant liquidity and aims to
improve treasury efficiency through API and blockchain integration with
existing payments systems.

“Blockchain-based infrastructure is transforming how
money moves globally and with Citi Token Services, we gain the ability to move
money in real time across borders, delivering a faster, more efficient
experience for our customers,” Bea Ordonez, CFO, Payoneer, commented.

You may find it interesting at FinanceMagnates.com: Payoneer
Raises $180 Million to Expand its Cross-Border Payments Platform

Regulatory Approvals in Key Markets

The move is part of Payoneer’s strategy to expand its global
operations. In August 2023, Payoneer Singapore, a subsidiary of Payoneer
Global, received
a Major Payment Institution license from the Monetary Authority of Singapore.

Payoneer and Citi have partnered to create a blockchain-based financial infrastructure enabling 24/7 treasury operations. This innovation aims to enhance real-time global payments and liquidity management. #Blockchain #DLT #treasury #payments pic.twitter.com/JyHhlzAYAr

— Nemertec (@nemertec) August 13, 2025

The license allows the company to offer cross-border transfers, e-money
issuance, and merchant acquisition services in Singapore, targeting small and
medium-sized enterprises.

In February 2023, Payoneer also secured an Electronic
Money Institution license from the UK’s Financial Conduct Authority through
Payoneer Payment Services UK Ltd.

Nasdaq Debut After $3.3 Billion Deal

Earlier, in 2021, Payoneer went public on Nasdaq
through a merger with FTAC Olympus Acquisition Corp, valued at around $3.3
billion. The deal included $563 million in funding, partly from private
investors.

Trading under the ticker ‘PAYO.O’, the company aimed to
expand investments and acquisitions globally. At the time, Payoneer projected
$432 million in revenue, up from $94.7 million in 2020, reflecting growth after
the pandemic.

This article was written by Tareq Sikder at www.financemagnates.com.