Founded in 2005, Payoneer the New York based Global payment platform will start servicing the Coimbatore market too. Payoneer empowers global commerce by connecting businesses, professionals, countries and currencies with its innovative cross-border payment platform. In today’s borderless digital world, Payoneer enables millions of businesses and professionals from more than 200 countries to reach to new audiences by facilitating seamless cross-border payments. In India alone about 80 cities take advantage of these services.
At a press meet held in Coimbatore today at the Residency towers, Rohit Kulkarni, Country Manager, Payoneer India said “The payment ecosystem in India is witnessing a gradual but steady shift supported by the onset of consolidation amongst existing market participants and the entry of number and more flexible payment solution providers. Not only is the Indian market underserved, but it also has yet to reach the levels of penetrations of other emerging economies in terms of Smartphones (per Head) and broadband connectivity. In short, the opportunity is immense.
Payoneer has revolutionised the way global transfer of funds are done. This platform is cost effective as it receives funds from global companies with no transfer fees thus enabling the individuals and companies to save up to 70% on conversion than other payment solutions'.