Payoneer (NASDAQ: PAYO) has partnered with Stripe to enhance its Online Checkout services for cross-border merchants. This collaboration will first launch in key Asia Pacific (APAC) markets, including Pakistan, Vietnam, South Korea, China, and Hong Kong, enabling Small and Medium-sized Businesses (SMBs) to accept a wider array of payment methods, including Buy Now Pay Later services and digital wallets like Apple Pay and Google Pay.

Since launching Payoneer Checkout, the company has achieved nearly $1 billion in annual volume and $30 million in revenue over the past year, reflecting over 100% growth. Nagesh Devata, Senior Vice President, APAC at Payoneer, emphasized their commitment to simplifying cross-border trade for SMBs. The partnership aims to improve conversion and acceptance rates, reduce fraud, and offer extensive payment options, ultimately delivering significant value to entrepreneurs globally.