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Payoneer expands global footprint with new PH office

By Chester Labaco - on 23 Sep 2016, 9:56am

Payoneer expands global footprint with new PH office

Payoneer, one the leading online payments company transforms the way  business send and receive cross-border payments, has announced the expansion of its operations in the APAC region with the opening of their Philippine offices.

Payoneer, for the uninitiated, is a New York –based global financial services firm that provides payment solutions to companies such as Google, Amazon, Upwork, and Airbnb. Aside from big and well-known companies, they also cater to millions of small business throughout the globe. They are currently fortifying their presence in the Philippines which is a country already familiar with its services. With their offices opening locally, this will allow Payoneer to offer even better services to freelancers and creative outsourcing professionals, as well as the growing numbers of SMEs in the IT and BPO industry.

Based on the World Bank Global Opportunity in Online Outsourcing report last year, the global online outsourcing industry is set to generate revenues in the range of US $15 - $20 billion by 2020. The Philippines, which comprises 18.6% of the global online workforce, is listed in the same report as among the top five countries for online outsourcing. Through Payoneer’s cross-border payment platform built for today’s digital age, they are continuing to empower this market growth.

Miguel Warren, Payoneer Philippine Country Manager

“Receiving international business payments in a timely and cost-effective manner is oftentimes a big hurdle for small businesses and freelance professionals.” Said Miguel Warren, Payoneer’s Country Manager in the Philippines. “With all the global opportunities in online business, the last thing Filipino freelance professionals, online entrepreneurs and SME BPOs need to worry about is getting paid by their international clients. Payoneer can provide them with fast, flexible and low-cost solutions that will help them scale their global businesses,” he shared.

Payoneer has millions of users over 200 countries and territories worldwide, providing cross-border payments through marketplaces and directly between buyers and sellers in more than 150 currencies.

“At Payoneer, it is our mission to empower entrepreneurs and small business owners in the Philippines to connect with opportunities that will help them grow their global business and achieve their potential,” said Scott Galit, Payoneer CEO. “The freelance and outsourcing market in the Philippines sets a great example to the rest of the world and it is an honor to help their continued expansion by providing a secure, low-coast platform for cross-border payments.”

If you’re interested in learning more about the services of Payoneer and how will they be able to empower your business with its fast, low-coast and flexible cross-border payments platform, you can check out their website at www.payoneer.com/ph.