Payoneer and Fiserv have teamed up to streamline how businesses deliver payouts to sellers, vendors, contractors, and consumers across borders. The collaboration allows businesses to access Payoneer's payouts platform via the Carat operating system from Fiserv, enabling the delivery of payouts all over the world, while reducing the accompanying costs. Cross-border payout volumes are growing globally, particularly for businesses serving the gig economy and marketplaces.

Merchants are facing unprecedented opportunity and complexity as they do more business across borders. With access to Payoneer through Carat, businesses will now have new payout options in more than 190 countries and can settle in local currencies, all while better serving their customers by offering them the diverse payment options and currencies that fit the needs of their local market.