Payoneer receives regulatory approval for its acquisition of a licensed China-based payment service provider
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Payoneer (NASDAQ: PAYO) has received regulatory approval in China for its acquisition of a licensed China-based payment service provider. The transaction is expected to close in the first half of 2025, pending customary closing conditions.
February 13, 2025 | 7:45 pm
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Payoneer has received regulatory approval in China for its acquisition of a local payment service provider, with the deal expected to close in the first half of 2025.
The regulatory approval is a significant step forward for Payoneer's expansion strategy in China, which could enhance its market position and growth prospects. This positive development is likely to have a favorable impact on PAYO's stock price in the short term.
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