Payoneer Collaborates with Zoho to Provide a Seamless Payment Experience to their Customer Base
20 Abril 2023 - 2:30AM
Business Wire
Payoneer (NASDAQ: PAYO), the financial technology company
empowering the world’s small and medium-sized businesses to
transact, do business and grow globally, today announced its
collaboration with Zoho, a leading global technology company which
provides a range of software solutions to businesses. The
collaboration will enable Payoneer to provide innovative payment
solutions to businesses using Zoho Books, the cloud accounting
platform, with plans to expand to other parts of the Zoho product
offering.
The collaboration will benefit small and medium-sized businesses
(SMBs) and freelancers working globally in India, Australia, New
Zealand, the UK, and the Philippines, with plans to expand the
offering into new markets in the future.
Businesses will be able to select Payoneer as a payment solution
when invoicing their clients, and their funds will be received in
the Payoneer account. Businesses in India, Australia, New Zealand,
the UK, and the Philippines can then hold the funds in different
currencies, spend online, or pay suppliers. Businesses in India can
withdraw their funds automatically to their local bank account and
download their digital FIRC (Foreign Inward Remittance
Certificate).
Payoneer’s payment solution will be available as an extension
which can be installed from Zoho Marketplace, enabling businesses
to invoice their customers and receive payments into their Payoneer
account. In addition to this, the automated payment reminders in
Zoho Books will help businesses to reduce the number of late
payments.
Payoneer's customers will have access to Zoho Books, followed by
other products from Zoho’s finance suite in the coming months,
making this a one-stop solution for businesses.
Gaurav Shisodia, VP at Payoneer India, said: “Payoneer’s
mission is to make international payments seamless for its
customers. We empower customers to grow their business globally.
Collaborating with Zoho, Payoneer aims to provide a comprehensive
and user-friendly payment solution that simplifies cross-border
transactions. The collaboration will not only make it easier for
businesses to receive payments and manage finances but also
streamline payment processes helping them to sell to new markets
and receive payments from across the world.”
Prashant Ganti, Head of Product Management, Zoho Finance and
Operations Suite, commented: “Zoho Books’ integration with
Payoneer is designed to help businesses manage their finances
end-to-end and simplify cross-border payments across the world.
Businesses will be able to perform core accounting functions, send
professional invoices, accept cross-border payments, and automate
payment reminders, enabling them to operate more efficiently, and
tap into new international markets with ease.”
To know more about this, visit the website:
https://discover.payoneer.com/zoho.
About Zoho
With 55+ apps in nearly every major business category, Zoho
Corporation is one of the world's most prolific technology
companies. Headquartered in Chennai, India, Zoho is privately held
and profitable with more than 12,000 employees. For more
information, please visit: www.zoho.com
About Payoneer
Payoneer is a financial technology company empowering the
world’s small and medium-sized businesses (SMBs) to transact, do
business and grow globally. Payoneer was founded in 2005 with the
belief that talent is equally distributed, but opportunity is not.
It is our mission to enable anyone anywhere to participate and
succeed in the global digital economy. Since our founding, we have
built a global financial platform that has already made it easier
for millions of SMBs, particularly in emerging markets, to pay and
get paid, manage their funds, and grow their business.
www.payoneer.com
Forward-Looking Statements
This press release includes, and oral statements made from time
to time by representatives of Payoneer, may be considered
“forward-looking statements” within the meaning of the “safe
harbor” provisions of the United States Private Securities
Litigation Reform Act of 1995. Forward-looking statements generally
relate to future events or Payoneer’s future financial or operating
performance. For example, projections of future volume, revenue,
transaction cost and adjusted EBITDA are forward-looking
statements. In some cases, you can identify forward-looking
statements by terminology such as “may,” “should,” “expect,”
“intend,” “plan,” “will,” “estimate,” “anticipate,” “believe,”
“predict,” “potential” or “continue,” or the negatives of these
terms or variations of them or similar terminology. Such
forward-looking statements are subject to risks, uncertainties, and
other factors which could cause actual results to differ materially
from those expressed or implied by such forward-looking statements.
These forward-looking statements are based upon estimates and
assumptions that, while considered reasonable by Payoneer and its
management, as the case may be, are inherently uncertain. Factors
that may cause actual results to differ materially from current
expectations include, but are not limited to: (1) changes in
applicable laws or regulations; (2) the possibility that Payoneer
may be adversely affected by geopolitical and other economic,
business and/or competitive factors; (3) Payoneer’s estimates of
its financial performance; (4) the outcome of any legal
proceedings; and (5) other risks and uncertainties set forth in
Payoneer’s Annual Report on Form 10-K for the period ended December
31, 2022 and future reports that Payoneer may file with the SEC
from time to time. Nothing in this press release should be regarded
as a representation by any person that the forward-looking
statements set forth herein will be achieved or that any of the
contemplated results of such forward-looking statements will be
achieved. You should not place undue reliance on forward-looking
statements, which speak only as of the date they are made. Payoneer
does not undertake any duty to update these forward-looking
statements.
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