Payoneer (NASDAQ: PAYO), a global financial technology provider enabling cross-border business growth, has announced its second quarter 2025 results, recording its highest-ever quarterly revenue excluding interest income. The company posted a 16 percent year-over-year increase in revenue, fueled by an 11 percent rise in payment volumes and improved take rates, particularly within its small and medium-sized business customer segment. This growth underscores robust demand for Payoneer’s global payment infrastructure, which supports service exporters, B2B sellers, eCommerce merchants, and digital businesses across more than 190 markets.
Revenue from SMB customers reached $183 million, reflecting an 18 percent year-over-year rise. SMBs operating on global marketplaces contributed $116 million, marking an 8 percent increase, while B2B SMBs generated $58 million, a 37 percent surge. Checkout-related revenue climbed to $9 million, representing an 86 percent year-over-year increase, largely driven by wider adoption of Payoneer’s card-based and digital payment solutions.
The company also achieved 21 percent year-over-year growth in average revenue per user, excluding interest income, marking its fourth consecutive quarter with over 20 percent ARPU expansion. This sustained performance was supported by increased uptake among $10,000+ ideal customer profiles, continued growth in B2B and Checkout services, and adjustments in strategic pricing.
A notable development in the quarter was Payoneer’s partnership with Stripe to enhance Checkout capabilities. The collaboration integrates Stripe’s advanced payment technology with Payoneer’s market expertise and complete financial platform, aiming to deliver more comprehensive payment solutions to customers. This move strengthens Payoneer’s competitive position in high-potential markets, including Pakistan, where the fintech company has long served as a bridge for freelancers, IT exporters, and digital entrepreneurs to access global clients.
Chief Executive Officer John Caplan credited the performance to disciplined execution and the company’s ability to meet evolving customer needs in an increasingly complex international trade environment. He noted that customers worldwide continue to innovate and expand their reach, with Payoneer positioned as a trusted partner through its differentiated products and strong market presence. Caplan reaffirmed the company’s 2025 financial guidance, citing confidence in its growth trajectory and operational strategy.
In Pakistan, Payoneer’s infrastructure and localized services have become increasingly important as the country’s digital exports sector expands. By offering seamless cross-border payment solutions and supporting compliance with international standards, Payoneer is enabling local SMBs and eCommerce sellers to scale globally. Product innovations, targeted support, and partnerships like the Stripe collaboration are expected to further enhance opportunities for Pakistani entrepreneurs to engage in international markets efficiently.
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