Payoneer helps Indian exporters, freelancers and small businesses receive cross border payments. It has operated in India for more than a decade through Payoneer India Pvt Ltd.
Ownership and structure
Payoneer runs its India business through Payoneer India Pvt Ltd, a subsidiary of the Nasdaq listed parent Payoneer Global Inc.
What India does for Payoneer
India is a market where Payoneer serves exporters and small businesses that receive cross border payments, and the RBI granted its local subsidiary in principle authorisation as a cross border payment aggregator in 2026.
Payoneer's India business
Payoneer paused Indian services in 2011 under RBI directions and re entered in 2016 through a partnership with IndusInd Bank. In January 2026 the RBI granted Payoneer India in principle authorisation as a cross border payment aggregator.
Key moves in India
- 2011: Payoneer suspended its services in India under directions from the Reserve Bank of India.
- 2016: Payoneer returned to the Indian market through a partnership with IndusInd Bank after receiving central bank approval.
- 2026: In January the RBI granted Payoneer India in principle authorisation to operate as a cross border payment aggregator for inward and outward transactions.
Where it operates
Payoneer runs its India business from Bengaluru.
At a glance
- Home country: United States
- Global headquarters: New York
- Sector: Banking & Financial Services
- Business: Payments
- Role of India: Sales market, Financial services franchise
- India entity: Payoneer India Pvt Ltd
- India head office: Bengaluru
- India offices: Bengaluru
- India headcount: Not available
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