Payoneer Extends Strategic Partnership with Upwork
Payoneer Global (PAYO) announced an extension of its strategic partnership with Upwork (UPWK), marking 15 years of collaboration supporting the global freelance economy. Under the renewed agreement, Payoneer will continue to serve as a primary wallet and "Direct to Local Bank" payout partner for Upwork, supporting both existing and new international Upwork customers across Africa, Asia Pacific, Europe, Latin America, and the Middle East-backed by Payoneer's reach across 190 countries and territories. The collaboration also marks a new phase of joint innovation. Upwork will join Payoneer as a Design Partner to explore stablecoin-enabled payouts to help address rising demand from freelancers seeking faster, more flexible access to funds in Latin America and other emerging markets. The companies will also partner on leveraging Upwork's global talent pool to support Payoneer's ecosystem of small and medium-sized business (SMB) clients, helping expand access to cross-border talent and business opportunities.
