Global payment company Payoneer announced a collaboration with eBay Inc (NASDAQ: EBAY) on Tuesday.
What Happened: Payoneer, which is going public in a SPAC merger with FTAC Olympus Acquisition (NASDAQ: FTOC), announced it is collaborating with eBay in select countries.
Payoneer will allow certain eBay sellers to get paid for their sales using the financial company’s services, creating a more streamlined payment experience.
“We will build on the momentum that e-commerce has seen in the past year, helping sellers transact with customers across borders with flexibility and security, all on a simple, modern platform,” Payoneer said.
Why It’s Important: Offering digital payment solutions, Payoneer operates in more than 190 countries worldwide and works with nine of the top 20 most valuable companies in the world.