Payoneer secures European Union e-money license
Payoneer, an industry-leading global payments company, is pleased to announce that its wholly-owned subsidiary Payoneer EU has secured an Electronic Money license in Europe, solidifying Payoneer's position as a leading global provider of compliant international payment solutions.
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In addition, Payoneer has expanded its management team to support the company's rapid global growth.
Payoneer EU recently received an E-money license that was passported across all of the member states of the European Union (EU) and was granted a license to be a member issuer of MasterCard®, allowing the company to issue MasterCard® branded cards.
Payoneer has also significantly expanded its capacity to drive future growth by adding experienced talent to its management team. Oded Zehavi has joined as Chief Revenue Officer. Zehavi is responsible for leading Payoneer's sales, marketing and product activities globally. He previously served as the business development director for PayPal, where among other responsibilities he led the inception of the PayPal services in the Middle East and Africa, and overall business growth within the region. He also previously held leadership roles at several technology, banking and software companies, focusing on sales and customer relations.
Howard Gibbs has joined Payoneer as the Managing Director of Payoneer EU. Howard brings substantial experience in financial services with past leadership roles at MBNA, and other card and payments companies.
"We are committed to the vision of a world in which cross-border payment is simple, low cost and compliant - and as frictionless as electronic commerce," said Payoneer CEO Scott Galit. "Payoneer's opening of a new EU office, significant investment in regulatory infrastructure and the addition of Oded and Howard to our management team will help us deliver on that commitment for our partners and customers around the world."