Payoneer Inc., a global leader in cross-border payments, has been selected by Dailymotion, one of the largest video sharing platforms in the world, to facilitate mass payouts to its global network of creators and partners.
With Payoneer’s fast, secure and cost-efficient solutions, Dailymotion’s network of video creators and partners in developed and emerging markets can now get paid globally as easily as they do locally.
The past 10 years have seen explosive growth in the digital economy, creating new cross-border earning opportunities for businesses of all sizes. Amidst this flourishing digital economy, Dailymotion has grown to become one of Europe’s most highly trafficked video sharing sites with 300 million users watching 3 billion videos each month (Sitecatalyst, Jan 2015). Using the Dailymotion platform, video creators can upload content from anywhere in the world and get a share of the revenue. Site visitors can discover and share videos they are passionate about – including sporting events, music festivals, comedy skits, live events, and more. Paying these content creators for their work becomes increasingly complex as the number of transactions and locations increases.
“Dailymotion’s content creators will greatly benefit from Payoneer’s solution by having the option to receive fast and secure payments regardless of location,” said Martin Rogard, COO of Dailymotion. “We’re very excited to integrate Payoneer’s mass-payout solutions into our new monetization features.”
Boston Consulting Group (BCG) estimates that by 2020 cross-border business transactions will exceed 50 trillion dollars, which is 20 times larger than cross-border retail remittance volume. Because the cross-border payments infrastructure has remained relatively unchanged for decades, companies like Dailymotion need new solutions that Payoneer provides to support its mass payouts needs. “The global banking infrastructure is complex and expensive. Payoneer has simplified the user experience by removing the limitations that typically surround international money transfers for business,” said Scott Galit, CEO of Payoneer. “We’ve built a broad set of payment capabilities that enable companies like Dailymotion to scale their businesses globally with a single API connection to Payoneer that enables them to make payments in over 200 countries quickly, securely and in local currency.”