Payoneer announced the launch of Payoneer Checkout, marking the company's entry into payment acceptance for direct-to-consumer (DTC) webstores. The global DTC market has seen significant growth during COVID and beyond, with DTC eCommerce sales in the US projected to reach $175 billion by 2023, a 56% growth from 2020. In India, the market is forecasted to multiply three-fold from 2020 to 2025, reaching a projected $100 billionin sales.

Built for today's world of open commerce, Payoneer Checkout offers eCommerce merchants a simpler way to expand and grow through direct-to-consumer sales all around the globe. Building on its leadership in marketplace payments and B2B payments, the launch of Payoneer Checkout creates a unified experience for Payoneer's eCommerce merchants across multiple digital channels. By consolidating all their funds across marketplace and direct sales channels in Payoneer's multi-currency accounts, merchants can manage their accounts payable needs, gain access to working capital, and use their funds to pay for business expenses such as digital advertising.

Payoneer Checkout is currently available in Asia-Pacific and will gradually be extended globally. Merchants can integrate with Payoneer Checkout directly or via ecommerce platforms, thereby simplifying the way merchants set up their stores and start accepting payments from customers worldwide.