Payoneer was founded in 2005, headquartered in New York, USA, and holds the MSB (Money Service Business Currency Services Enterprise) license issued by the US FinCEN (Financial Crime Enforcement Agency) and the European E-money license. Payoneer focuses on distributing funds to platforms with a wide customer base worldwide: Chinese sellers sell phone protective cases on Amazon in the US, while Indians write a code for the UK company on elance.com, Japanese landlords rent houses on Airbnb, and Payoneer can collect commissions from these platforms for them. They can also exchange them for over 150 local currencies and distribute them to their bank accounts in China. The core business of Payoneer is to cross national borders and provide users with a true experience of internet finance.
