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Payoneer has successfully completed the acquisition of UnionPay International Payments, a licensed payment institution in China, thereby becoming the third foreign-funded payment platform authorized to offer online payment services within the country. This milestone significantly bolsters Payoneer's global compliance framework, empowering it to provide more tailored products and services to a diverse range of Chinese enterprises and facilitating their global expansion efforts. Established in 2005, Payoneer is a leading financial technology company that specializes in assisting small and medium-sized enterprises worldwide in managing cross-border transactions and achieving growth. With this acquisition, Payoneer further cements its position as a dominant player in the cross-border payment sector.
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