Payoneer And Etsy Partner To Make It Easier For Sellers In Emerging Markets To Get Paid
Portfolio Pulse from Benzinga Newsdesk
Payoneer (NASDAQ:PAYO) and Etsy (NASDAQ:ETSY) have announced a collaboration to expand Etsy Payments into emerging markets. The partnership will streamline payments to sellers and create economic opportunities for entrepreneurs in these markets. The service will initially be launched in Ukraine and Thailand, followed by India, Japan, Argentina, Chile, and Peru by the end of 2023.
October 25, 2023 | 7:01 pm
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POSITIVE IMPACT
Etsy's collaboration with Payoneer to expand Etsy Payments into emerging markets could enhance its seller offering and global reach.
The collaboration with Payoneer allows Etsy to streamline payments to sellers in emerging markets, potentially attracting more sellers and buyers to its platform. This could lead to an increase in its revenue and positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Payoneer's partnership with Etsy to expand Etsy Payments into emerging markets could boost its global presence and revenue.
The partnership with Etsy provides Payoneer with an opportunity to expand its services into emerging markets. This could lead to an increase in its user base and revenue, positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100