Payoneer, a cross-border payments platform has announced that it has teamed up with TrueLayer, an open banking API provider. As a result of the partnership, the company has launched its open banking service for customers in Europe and the UK.
Payoneer’s open banking service
Founded by Yuval Tal in 2005, Payoneer works with the mission to empower businesses to go beyond borders, expectations and limitations. The company claims to streamline global commerce for small businesses, marketplaces, and enterprises from 200 countries and territories. It offers a suite of services that includes cross-border payments, working capital, tax solutions and risk management.