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News and resources on regulation, compliance, legal and governance issues for banks and fintechs.

Payoneer gets Chinese approval to buy payment service provider

Payoneer (NASDAQ: PAYO), the financial technology company empowering the world’s small and medium-sized businesses (SMBs) to transact, do business, and grow globally, today announced that it has received the regulatory approvals in China required to complete its previously announced acquisition of a licensed China-based payment service provider.

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The transaction is expected to close in the first half of 2025, subject to customary closing conditions. 

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