How they describe themselves: Founded in 2005, Payoneer is an industry-leading provider of global mass payout services that accelerates growth for customers by improving the way they make payouts to more than 200 countries worldwide. Payoneer’s complete solution provides a simple, secure, compliant and cost-effective way for companies of all sizes to offer cost-saving payout options, including prepaid debit cards, deposits to local banks worldwide, international wire transfers, mobile payments, local e-wallets, and local-currency paper checks. Payoneer has served thousands of companies and more than one million payees around the world. For more information: www.payoneer.com.
How they describe their product/innovation: The Payoneer commercial account offers businesses and individuals worldwide the ability to receive funds from a global network of corporate companies. Account holders have a variety of tools to access their funds, including low cost withdrawals to bank accounts worldwide, a Prepaid Debit MasterCard card that enables instant spending and ATM access, and options to transfer funds to local eWallets in select countries. The account can be managed from the Payoneer website or from a mobile application. Registration for the account is available via Payoneer’s website or directly from the website of companies that form the Payoneer commercial funds transfer network.