Payoneer reports record quarterly revenue as Global SMB growth accelerates

KARACHI: Global financial technology company Payoneer has reported record third-quarter revenue for 2025, highlighting continued growth in cross-border payment solutions for small and medium-sized businesses (SMBs) and digital entrepreneurs across emerging markets, including Pakistan.

The company announced total revenue of $270.9 million, up 9 percent year-on-year, with revenue excluding interest income rising 15 percent to $211.4 million. The growth was driven by increased transaction volumes and a higher take rate among SMB customers, reflecting strong global demand for Payoneer’s borderless financial services.

Payoneer reported adjusted EBITDA of $71.3 million, citing improved operational scale and disciplined cost management. Revenue from SMBs reached $192 million, a 17 percent increase from the same period last year, supported by broad-based performance across business segments.

Revenue from SMBs selling on marketplaces rose 11 percent to $121 million, while B2B SMB revenue climbed 27 percent to $62 million. The company’s checkout business also posted robust growth, rising 49 percent year-over-year to $9 million.

Global card usage hit a record $1.6 billion, up 19 percent from the previous year, while customer funds reached $7.1 billion, underscoring growing platform adoption and trust.

Payoneer Chief Executive Officer John Caplan said the results reflect sustained momentum across the company’s core customer base and its ability to execute in a “dynamic macro environment.” He added that Payoneer remains focused on “removing friction between an entrepreneur’s ambition and achievement” through secure, user-friendly global financial infrastructure.

As Pakistan’s digital services and freelancing sectors continue to expand, Payoneer said it has become a key enabler of international payments and business scalability for the country’s freelancers, IT firms, agencies, and e-commerce exporters. The company’s multi-currency solutions and localized support continue to facilitate Pakistan’s growing participation in the global digital economy.

Copyright Business Recorder, 2025