NEW YORK, Feb. 24, 2026 /PRNewswire/ --?Payoneer (NASDAQ: PAYO), the global financial technology company powering business growth across borders, today announced that it has filed an application with the Office of the Comptroller of the Currency (OCC) to establish PAYO Digital Bank, N.A., a national trust bank designed to support stablecoin -enabled infrastructure for global businesses.
Over the past year, stablecoin adoption has accelerated for real-world businesses that operate globally. This application is a critical next step in Payoneer's strategy to integrate stablecoin capabilities into its global payments ecosystem connecting stablecoin efficiency to the local economies where nearly two million customers operate.
"Payoneer is at the forefront of cross-border payments, and we believe stablecoins will play a meaningful role in the future of global trade," said John Caplan, Chief Executive Officer of Payoneer. "Through PAYO Digital Bank, we aim to provide customers with a trusted and regulated way to leverage the latest payment innovations as part of their global financial operations."
The passage of the GENIUS Act created a new federal framework for stablecoins in the United States. If approved, PAYO Digital Bank would allow Payoneer to leverage this new framework to bring stablecoin innovation to the day-to-day operations of small-and medium-sized businesses worldwide, via a federally supervised trust bank. This would allow PAYO Digital Bank to:
- Send and Receive Stablecoins : Allows customers to pay and be paid in a variety of approved stablecoins;
- Issue PAYO-USD: A stablecoin that will be issued in compliance with the GENIUS Act and serve as the holding currency in Payoneer wallets;
- Manage PAYO-USD Reserves: Manage the reserves that back PAYO-USD;
- Offer Custodial Services: Business-grade wallet infrastructure for holding stablecoin balances, and;
- On-Ramp and Off-Ramp: Allow customers to seamlessly convert from stablecoin balances into local currencies in the markets in which they operate.
"Payoneer's nearly two million customers are at the epicenter of global adoption, where stablecoins can deliver meaningful improvements to how global trade happens," said Rob Morgan, Proposed CEO of PAYO Digital Bank, "PAYO Digital Bank will help us offer global SMBs an integrated, business-grade stablecoin solution that will accelerate payments, add transparency, and improve access to markets."
Payoneer believes this offering will help advance the use of the USD in global trade, reduce barriers for American companies competing internationally, and expand the dollar's presence across non-dollar payment corridors. The filing reflects Payoneer's strategy to simplify payments and enable companies to pay and get paid across borders while managing their funds across multiple currencies and stablecoins.
Payoneer worked closely with their advisors Davis Polk & Wardwell LLP in preparing the application.
About Payoneer
Payoneer is the financial platform for cross-border business and global payments. Payoneer empowers millions of businesses with the financial tools and services they need to grow and transact globally with confidence. We make it easier for SMBs, particularly in emerging markets, to connect to the global economy, pay and get paid across borders, manage their funds across multiple currencies, and grow their businesses.
For more information, visit?https://www.payoneer.com/
Forward-Looking Statements
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SOURCE Payoneer
