Payoneer Lights Up the Digital Marketing Industry with Rapid Growth, Corporate Partnerships and Working Capital Offering
Company announces triple-digit volume growth and partnerships with the world’s leading digital marketing brands
NEW YORK –June 28, 2018 - Payoneer, an innovative cross-border payments company that drives global commerce, announced today accelerating growth and an increase in international activity across the digital marketing industry. Over the past year, the company reports triple-digit volume growth, an impressive roster of new corporate partners, and new services aimed at fueling the expansion of the industry. Connecting the world’s leading digital ad networks with publishers and affiliates across borders, Payoneer has firmly positioned itself as the digital marketing industry’s leading partner for global expansion.
Triple-digit volume growth – For the last three years, Payoneer has seen affiliate and publisher payment volumes grow across multiple countries around the world. The company reports massive volume growth in Ireland, France, Israel, Spain, China, Mexico and Brazil, with each country sending millions of dollars in affiliate payment volumes in the first quarter of 2018 alone. While the US and UK remain the strongest hubs for digital marketing platforms, Europe, Asia, Africa and South America have seen outgoing volumes grow by triple digit percentages. This shows an unprecedented increase in the global flow of funds across the digital marketing industry.
Digital marketing companies pay through Payoneer –Payoneer has teamed up with a number of leading brands in the digital marketing space, adding giants like ShareASale, CJ Affiliate by Conversant and Tradedoubler to their expansive digital marketing ecosystem. These global brands are joining long-time partners Ad 4 Game, Cake, Mediashakers, PropellerAds, Taboola, Taptica, Tune, and many others, who utilize Payoneer’s robust APIs to automate low-cost payments and serve affiliates all around the world. Most recently, the company has teamed up with Commission Factory to streamline cross-border payments for their affiliates. “As our company has grown around the world, it’s crucial that we provide our affiliates with payment options that are as international and innovative as they are,” stated Zane McIntyre, CEO of Commission Factory. “With Payoneer, we have a robust, secure, and flexible solution for our cross-border payments, and a true partner for global growth.”
Early Payments, a working capital solution, fuels affiliate business growth –Payoneer launched its Early Payments service, which enables users to access their funds a month or more in advanced of scheduled payment. This service eliminates the payment delays faced by many affiliates and publishers, resulting from the industry’s standard payment terms that extend as far as net-120. With Early Payments, funds are accessible right away, and the risk-free service allows digital marketers to choose how much to receive early, without taking on any debt or having to put down any collateral. These funds can then be reinvested back into their business when they’re needed, allowing affiliates to recruit staff, ramp up marketing efforts, and more, fueling additional growth.
“With the world becoming increasingly borderless and connected, the digital economy offers virtually limitless opportunities for entrepreneurs,” notes Yair Tal, Head of Payoneer Enterprise. “Our global digital marketing ecosystem has never been stronger, as we continue to invest in tailored services and support for this unique industry. We’re proud to be working with so many of the leading ad networks, publishers and affiliates, and we look forward to empowering these businesses to grow for years to come.”
Payoneer empowers global commerce by connecting businesses, professionals, countries and currencies with its innovative cross-border payments platform. In today's borderless digital world, Payoneer enables millions of businesses and professionals from more than 200 countries to reach new audiences by facilitating seamless, cross-border payments. Additionally, thousands of leading corporations including Airbnb, Amazon, Getty Images, Google and UpWork rely on Payoneer's mass payout services. With Payoneer's fast, flexible, secure and low-cost solutions, businesses and professionals in both developed and emerging markets can now pay and get paid globally as easily as they do locally. Founded in 2005 and based in New York, Payoneer is venture-backed, profitable and ranked in the top 100 of Inc. 5000's Financial Services companies, and was ranked #13 on the 2018 CNBC Disruptor 50 list.