Payoneer (NASDAQ: PAYO), the global financial technology company powering business growth across borders, announced that Payoneer Canada Limited has been registered with the Bank of Canada as a payment service provider under the Retail Payment Activities Act (RPAA). The registration strengthens Payoneer's ability to serve businesses based in Canada, and businesses looking to expand into the Canadian market, and reaffirms Payoneer's long-term commitment to the region. The registration supports Payoneer's continued provision of regulated payment services in Canada, including local-currency collection capabilities.

This new license delivers value for businesses in Canada operating globally, as well as for companies outside the country transacting with Canadian counterparties, by:

• Expanding regulatory footprint: Payoneer is among Payment Service Providers (PSPs) that have completed the regulatory approval process under Canada's new Retail Payment Activities Act (RPAA), marking an important milestone for the company's local compliance and global regulatory expansion.
• Supporting banking relationships: Registration reinforces the regulatory foundation supporting Payoneer's relationships with its Canadian banking partners and cross-border payment services.
• Enabling continued customer support: Businesses onboarding with Payoneer Canada Limited can continue to access Payoneer services available in Canada, supported by locally tailored onboarding and compliance processes.

"Achieving registration under the RPAA marks an important milestone for Payoneer in Canada," said Tsafi Goldman, Chief Legal & Governance Officer at Payoneer. "It reinforces the global regulatory foundation supporting our customers and partners and reflects Payoneer's commitment to maintain compliance with Canada's regulatory requirements."

Payoneer supports customers in over 190 countries and territories, leveraging a robust network of nearly 100 banking and payment service provider partnerships. Payoneer maintains a strong global regulatory foundation, with licenses across multiple jurisdictions, ensuring customers can trust that their funds are secure, accessible, and supported by the highest compliance standards. Payoneer's expanded regulatory footprint strengthens its ability to support customers operating globally with consistency, reliability, and scale.