Payoneer Powers Global Payouts for Leading Social Shopping Platform Wish

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Payoneer connects fast-growing mobile shopping platform with its community of international merchant suppliers. Wish, drawn by Payoneer’s leading cross-border payment platform, China market expertise and localized customer service, supports merchant suppliers from more than 200 countries.

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Payoneer Inc., a leading online payments company transforming the way businesses send and receive cross-border payments, is now facilitating payouts for merchant suppliers on Wish, a top mobile social e-commerce application that offers consumers a highly personalized shopping experience.

Payoneer facilitates payouts to Wish’s merchant suppliers globally through its cross-border payments platform. Through Payoneer’s API, Wish fully integrates payouts with its current business flow, enabling Wish merchant suppliers to instantly receive their payments directly to their Payoneer accounts and have multiple ways to receive their funds in their local currency.

Over the past three years, Wish has quickly grown to host more than tens of millions of users worldwide. It is consistently ranked one of the top mobile applications in both the Android Shopping and iPhone Lifestyle categories, with the majority of orders originating from the Wish mobile application. Wish, with its unique global supply chain networks in countries around the world, needed to provide its merchant suppliers with a compliant way to easily receive payments for their sales. To that end, Payoneer now enables merchant suppliers on Wish to receive their payments through Payoneer’s various payment solutions.

“At Wish, we aim to make the selling process as easy as possible for our merchant suppliers,” said Danny Zhang, co-founder of Wish. “Merchant suppliers simply upload their products, abide by the trading rules and guarantee good quality and on-time delivery. Partnering with Payoneer makes the payout process simple by ensuring merchant suppliers receive their funds quickly and seamlessly. This partnership will help us attract more merchant suppliers around the world and increase overall revenue.”

Payoneer has already built strong momentum in the Asia Pacific region. The company recently announced a strategic investment from Ping An Group, a leading integrated Chinese financial services provider and the largest non-state-owned enterprise in China. In addition, Payoneer recently appointed former SWIFT executive Patrick de Courcy to lead its Asia Pacific business activities.

“Payoneer and Wish have a shared vision for how merchant suppliers from all over the world can rapidly grow their businesses in the modern digital economy,” said Scott Galit, CEO of Payoneer. “Both companies have made significant investments to help merchants around the world sell globally. We are excited to play a role in facilitating growth for such a unique mobile commerce platform by making payouts to Wish’s international sellers easier and more efficient. There is so much opportunity in the Asia Pacific region, and Payoneer is continuing to extend its position there as a leading global payments provider.”

To learn more about how Payoneer is empowering global commerce with cross-border payment services for business, visit the Payoneer website.

About Payoneer
Payoneer empowers global commerce by connecting businesses, professionals, countries and currencies with its innovative cross-border payments platform. In today’s borderless digital world, Payoneer enables millions of businesses and professionals from more than 200 countries to reach new audiences by facilitating seamless, cross-border payments. Additionally, thousands of leading corporations including Google, Airbnb, Elance-oDesk and iStock Photo (by Getty Images) rely on Payoneer’s mass payout services.

With Payoneer’s fast, flexible, secure and low-cost solutions, businesses and professionals in both developed and emerging markets can now pay and get paid globally as easily as they do locally. Founded in 2005 and based in New York, Payoneer is venture-backed, profitable and ranked in the top 100 of Inc. 5000’s Financial Services companies. For more information, visit us at http://www.payoneer.com or follow us on Twitter and Facebook.

About Wish
Wish brings together top technical talent from Google, Facebook, and Yahoo!. Wish, http://www.wish.com, improves online merchandise discovery by helping users find the products they love, share these products with friends, score great prices, and unlock exclusive rewards.

Wish was launched in November 2011 and already has over tens of millions of registered users worldwide, making it one of the top 10 mobile applications in both the Android Shopping and iPhone Lifestyle categories. Using Google search level intent data, Wish optimizes the consumer shopping experience by effectively connecting users to sellers with relevant products.

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Beth Kempton, Walker Sands Communications

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