Payoneer Selected by Welocalize as Global Payments Provider
Payoneer Global Payments Services Integrated into New Welocalize Vendor Management Platform
NEW YORK CITY, April 8, 2014 – Payoneer, an industry-leading global payments company, announced today it has signed a partnership with Welocalize, a leading provider of international translation and localization services. Through this partnership, Welocalize is expanding its payment capabilities with a completely automated payment platform provided by Payoneer.
Payoneer’s payout services are being fully integrated into Welocalize’s vendor technology platform to eliminate manual processes. The integration enables Welocalize to pay vendors in almost any currency using a wide variety of payment methods that are significantly less costly than traditional, cumbersome international wire transfers.
“Welocalize needed a partner to support the expansion of our global payment options in an innovative and cost-effective manner, and Payoneer is a perfect fit,” said Jeff Ash, CFO of Welocalize. “In order to recruit translation talent to meet the growing global demands of our clients, we must ensure a quick and easy way to provide payment to our supply chain no matter where they are located.”
With the new fully automated, flexible, global payout platform in place, Welocalize can automatically pay vendors, freelancers and independent translators worldwide. Payoneer’s platform enables clients to securely make payments through bank transfers in local currencies, Payoneer’s award-winning prepaid debit cards, local e-wallets and local currency paper checks.
“Welocalize is the latest industry leader to rely on Payoneer’s unique and flexible global payment services,” said Scott Galit, CEO of Payoneer. “Choosing to integrate Payoneer into its new platform for translators will revolutionize the way Welocalize conducts business across the globe, and we look forward to supporting the company’s continued growth.”
Welocalize, Inc., founded in 1997, offers innovative translation and localization solutions helping global brands to grow and reach audiences around the world in more than 125 languages. Our solutions include global localization management, translation, supply chain management, people sourcing, language services and automation tools including MT, testing and staffing solutions and enterprise translation management technologies. With over 600 employees worldwide, Welocalize maintains offices in the United States, UK, Germany, Ireland, Japan and China. www.welocalize.com
Founded in 2005 with headquarters in New York City, Payoneer provides an industry-leading global payout platform that simplifies the world of commerce by removing the limitations that typically surround international business. With Payoneer, companies can engage business partners and service providers from more than 200 countries, and enjoy the same convenience in making payments as if they were working with a local provider. Conversely, professionals and small businesses worldwide can quickly, easily and cost-effectively receive funds for services rendered or products sold, no matter where they are located. For payers and payees alike, Payoneer removes geographical borders and ensures smooth, cost-effective transactions to and from anywhere. Our range of flexible payout options includes transfers to local banks worldwide, prepaid debit cards, international wire transfers and local eWallets.
Venture-backed and profitable, Payoneer has served thousands of companies and more than 1 million payees around the world. Clients include Google, Airbnb, Odesk, Elance, Fiverr and more. Payoneer is ranked in the top 100 in Inc. 500’s Financial Service companies. For more information, visit www.payoneer.com or follow us on Twitter and Facebook.
Payoneer Media Contact:
Beth Kempton, Walker Sands Communications