Payoneer Global Inc., the global financial technology company, announced Monday the expansion of its global payment platform with new collection capabilities in Indonesia and enhanced local collection services in Mexico.
The firm said in a statement that as Southeast Asia’s largest ecommerce market, Indonesia accounts for more than half of total online business volume within the Association of Southeast Asian nations bloc.
With this launch, Payoneer enables small and medium-sized enterprises (SMEs), including those incorporated in Singapore, to collect funds directly from local marketplaces and businesses in Indonesia, providing greater control over foreign exchange management and access to a burgeoning trade corridor.
As SMEs expand beyond traditional markets, Mexico is emerging as a viable revenue corridor that can now be activated more quickly as part of a broader multi-market strategy.
Payoneer’s expanded MXN collection services reduce friction for global sellers entering the market while supporting shifting international demand. Customers can now collect funds across multiple channels, enabling local collections from major ecommerce marketplaces.
Payoneer supports marketplace sellers and business to business (B2B) businesses in more than 190 countries and territories, including regional teams managing multi-market operations through hubs such as Singapore.
The firm’s offering enables SMEs to be local to their customers in the markets they serve, whether selling on the world’s largest ecommerce marketplaces or directly to other businesses.
As part of this strategy, Payoneer has launched local Indonesian Rupiah (IDR) and Mexican Peso (MXN) receiving accounts, building on its existing local collection infrastructure across North America, Europe, Latin America, and Asia Pacific.
These additions enable customers to transact and receive funds from local buyers and ecommerce platforms faster and more cost-effectively, helping businesses access new growth markets as global trade flows continue to evolve.
SMEs driving multi-market growth through Singapore are increasingly required to manage receivables, settlement cycles and foreign exchange across several markets simultaneously.
“Singapore has long been a gateway for companies expanding beyond their home market — and today that expansion is happening in more directions than ever,” said Nagesh Devata, Senior Vice President of Asia Pacific (APAC) at Payoneer.
“By enabling local receiving accounts in Indonesia and Mexico, we’re helping businesses run new corridors ‘through Singapore’ with the speed and confidence of local payments, while being able to manage everything centrally,
“And this is just the start — we’re continuing to invest in local rails, with planned expansions in other parts of Latin America and the Asia Pacific through 2026, to support the global ambitions of our almost 2 million customers,” he added.
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