Payoneer, a commerce technology company that specializes in payment services and accelerates the growth of the global new economy, has announced the launch of its Payoneer Checkout service, marking the company’s next step in the field of payment acceptance. accounting for direct-to-consumer (DTC) online business model.
The global DTC market has grown tremendously since the COVID-19 pandemic until now. DTC e-commerce sales in the United States are expected to reach $175 billion by 2023, up 56% from 2020. In India, the DTC market is forecast to triple between 2020 and 2025. , sales are estimated at about 100 billion USD. In response to today’s world demand for open commerce, Payoneer Checkout offers e-commerce merchants a simpler way to expand and grow through DTC channels worldwide.
Payoneer Checkout gives e-commerce merchants a unified payment experience across multiple digital channels. By unifying all funds on the online marketplace and direct sales channels in multi-currency Payoneer accounts, merchants can manage their accounts payable needs, access working capital, and utilize use capital to pay for business expenses, such as digital advertising. Payoneer Checkout is currently available in Asia-Pacific markets and will soon be rolled out worldwide.
Merchants can integrate Payoneer Checkout directly on the sales page or via e-commerce platforms, thereby simplifying the way to set up stores and being able to accept payments from customers around the world.
Mr. Scott Galit, CEO of Payoneer, shared about the payment gateway launch event: “Payoneer was born with the idea that technology and the internet have been transforming the economy and commerce, helping anyone anywhere to establish and develop a digital business. When businesses SME today want to expand many sales channels, they will find it difficult to manage different payment methods In an effort to support SME, our expansion into acceptance field Accepting payments is an inevitable way to help them join the digital economy. Specifically, they can make global transactions as easy as domestic transactions. I am excited to announce that through Payoneer, SMEs can now receive payments from other businesses on digital platforms and online marketplaces, as well as from consumers.”.
Keren Levy, President and Head of Merchant Support Services at Payoneer, said “The Payoneer ecosystem revolves around connecting small and medium-sized businesses with the global digital economy. The complexity of paying and receiving payments is one of the huge barriers for those who want to make payments. Small business owners who don’t have the time or resources to optimize complex items on their own, such as cross-border payments through Payoneer Checkout We are proud to have taken another step forward in our journey of thinking, creating and inspiring for a unified global commercial future, helping people around the world realize their potential.”.
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