Payoneer will continue powering international payouts for Upwork freelancers as the two companies extend a partnership that has run for 15 years.
Under the renewed agreement, Payoneer will remain a primary wallet and direct-to-local-bank payout partner for existing and new international Upwork customers across Africa, Asia Pacific, Europe, Latin America and the Middle East.
The extended partnership will also see Upwork work with Payoneer as a design partner to explore stablecoin-enabled payouts for freelancers seeking faster access to funds in Latin America and other emerging markets.
The companies will also look at ways to connect Upwork’s global talent pool with Payoneer’s small and medium-sized business clients.
Ya Wen, Senior Vice President of Global Marketplaces at Payoneer, said,
“Our long-standing partnership with Upwork shows what’s possible when deep technical and operational alignment, regulatory strength, and global reach come together to simplify cross-border payments for global talent.
Through the Payoneer global financial stack, Upwork freelancers gain access to the Payoneer Account, global bank transfers, and FX management—benefits they need to grow their businesses across borders.”
Payoneer’s platform is built on a network of nearly 100 banks and payment service providers, with reach across 190 countries and territories.
Featured image: Edited by Fintech News Singapore, based on image by lifeforstock via Magnific