Payoneer Welcomes New Director and New Investment

Leading online payments company Payoneer has welcomed a new director to the board, Hans Morris, who boasts over 30 years of experience in the financial services sector.

A former president of Visa and former Citigroup executive, Mr. Morris is a managing partner at Nyca Partners, a venture capital and advisory company that focuses exclusively on applying innovation in financial services into the global financial system. Nyca Partners has invested in over 10 financial technology firms and also made a minority investment in Payoneer.

Scott Galit, CEO of Payoneer, said Morris shares the company’s vision to empower global commerce by connecting businesses worldwide on an innovative financial platform.

With its experience and connections in finance and technology, Nyca Partners will also help Payoneer as it transforms cross-border payments in today’s borderless digital world, Galit added.

Morris commented: “Global financial services companies require the right application of technology, compliance and regulatory rigor, while also creating a compelling user experience. Payoneer continues to show it can excel in all of these areas, and continues to innovate and create compelling solutions for companies that need to make lots of payments or get paid in lots of places. It’s a great leadership team, with a big vision, and I am excited to be part of it.”

Payoneer, whose flexible payout options include international wire transfers, prepaid debit cards, transfers to local banks, and local mobile wallets, also received another financial boost from Chinese financial service provider Ping An Insurance (Group) Company of China.