Payoneer has reported a record-breaking performance for the second quarter of 2025, highlighting its growing influence in enabling cross-border growth for small and medium-sized businesses (SMBs) across the globe, including Pakistan’s rapidly expanding digital export market. The global financial technology firm posted a 16 percent year-on-year surge in quarterly revenue, excluding interest income, driven by an 11 percent increase in transaction volumes and improved take rates, particularly among SMB clients. This growth reflects the strong global demand for Payoneer’s borderless financial infrastructure, which supports service exporters, B2B sellers, e-commerce merchants, and digital enterprises in over 190 markets.
In Q2 2025, revenue from SMB customers reached $183 million, representing an 18 percent rise compared to the same period last year. Marketplace sellers generated $116 million, up 8 percent year-on-year, while B2B SMBs contributed $58 million, marking a significant 37 percent jump. Checkout revenue experienced the most notable growth, climbing 86 percent to $9 million, supported by wider adoption of Payoneer’s card and digital payment services.
The company also recorded its fourth consecutive quarter of more than 20 percent annual growth in average revenue per user (ARPU), excluding interest income. ARPU increased 21 percent year-on-year, fueled by strong engagement from customers with transaction volumes exceeding $10,000, expansion in B2B and Checkout products, and strategic pricing adjustments.
In a strategic move to strengthen its Checkout business, Payoneer announced a partnership with US-based payment technology leader Stripe. The collaboration aims to combine Stripe’s advanced payment capabilities with Payoneer’s local expertise and comprehensive financial services, providing enhanced payment solutions in emerging markets. Pakistan is expected to benefit significantly from this integration, with improved access to faster, more seamless international payment systems for local businesses.
Payoneer Chief Executive Officer John Caplan emphasized that the results underline the resilience and scalability of the company’s business model. He noted that Payoneer’s strong market position, differentiated product offerings, and disciplined execution are key drivers of its continued growth. The company remains confident in its strategy and has reinstated its guidance for 2025.
Industry experts believe that Pakistan’s digital economy — spanning IT services, freelancing, and e-commerce exports — stands to gain from Payoneer’s expanded infrastructure, localized support, and innovative product suite. By offering faster settlements and reducing transaction friction, the company could enable local entrepreneurs to compete more effectively in global markets, opening up new growth opportunities for the country’s export sector.
With record revenue growth, strategic partnerships, and a growing product range, Payoneer continues to strengthen its role in empowering SMBs worldwide. For Pakistan, the company’s presence could serve as a catalyst for digital trade expansion, helping businesses scale internationally while benefiting from secure, efficient, and globally integrated financial services.
