Payoneer and Airbnb Expand Long-Term Relationship to Allow Hosts in Additional Countries to Get Paid in Local Currency

September 19, 2023 at 08:00 AM EDT

Airbnb retains Payoneer as a preferred global payment provider for another three years

Payoneer (NASDAQ: PAYO), the financial technology company empowering the world’s small and medium-sized businesses to transact, do business, and grow globally, has extended and expanded its strategic partnership with Airbnb. Payoneer is a preferred payment provider for Airbnb across multiple countries, enabling Hosts to get paid quickly and locally.

Payoneer’s platform connects businesses around the world through a scaled infrastructure and a global, resilient network of bank partners. This not only allows Airbnb Hosts in such locations to get paid locally but also to access and spend funds in a variety of ways, among other benefits.

Payoneer offers a range of financial services including global payouts in over 190 countries and territories and access to a Payoneer Account to view and manage transactions, including payments, point-of-sale purchases, and withdrawals. This includes loading funds received directly onto their Payoneer Commercial Mastercard, a corporate debit card that supports cash flow management, expense tracking, offers rewards, and more.

“As payment provider for Airbnb, our decade-long collaboration highlights the value of Payoneer’s unparalleled global reach and our ability to connect people at scale through one of the world’s largest and fastest-growing travel marketplaces,” said Ya Wen, SVP of Americas at Payoneer.

“Payoneer has been a flexible and responsive provider supporting us with a resilient platform, expansive infrastructure, and extensive capabilities in emerging markets where we see high-growth opportunities,” said Sunny Walia, Head of Payments Partnerships and Economics Airbnb.

To learn more about how Payoneer supports Airbnb and other clients, please visit: https://www.payoneer.com/industries/vacation-rental-hosts/.

About Airbnb

Airbnb was born in 2007 when two Hosts welcomed three guests to their San Francisco home, and has since grown to over 4 million Hosts who have welcomed 1.5 billion guest arrivals in almost every country across the globe. Every day, Hosts offer unique stays and experiences that make it possible for guests to connect with communities in a more authentic way.

About Payoneer

Payoneer is the financial technology company empowering the world’s small and medium-sized businesses to transact, do business and grow globally. Payoneer was founded in 2005 with the belief that talent is equally distributed, but opportunity is not. It is our mission to enable anyone anywhere to participate and succeed in the global digital economy. Since our founding, we have built a global financial platform that has already made it easier for millions of SMBs, particularly in emerging markets, to pay and get paid, manage their funds, and grow their business.

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