Payoneer, the global financial technology company, has significantly expanded its payment platform, introducing new collection capabilities in Indonesia and enhancing its peso (MXN) collection services in Mexico.
The move is designed to help global small and medium-sized businesses (SMBs) operate more effectively in two of the world’s fastest-growing e-commerce markets. By enabling local collection services, Payoneer aims to remove key friction points for cross-border sellers, allowing them to transact with local buyers and marketplaces more efficiently.
Targeting Southeast Asia’s largest market
Indonesia, which accounts for more than half of the Association of Southeast Asian Nations (ASEAN) bloc’s online business volume, represents a critical growth corridor.
With the new capabilities, Payoneer customers can now collect funds directly from local marketplaces and businesses in Indonesia. This provides merchants with greater control over foreign exchange (FX) management and streamlined access to the region’s largest digital economy.
Simplifying entry into Mexico
In Mexico, Payoneer has enhanced its existing MXN collection services to support the accelerating influx of international sellers. The update allows for local collections across multiple channels, including major platforms such as Amazon Mexico, Walmart, and Mercado Libre. This is intended to reduce the complexity of market entry for global sellers looking to tap into Latin American demand.
Derek Green, SVP of treasury and payment services at Payoneer, commented: “Global trade is dynamic – reshaping in response to macro factors and trade policy. For over 20 years, Payoneer has supported and enabled our customers’ global ambitions. By expanding our capabilities in critical markets like Mexico and Indonesia, we continue to empower our customers as they look to expand into fast growing markets.”
The new services are currently rolling out to Payoneer customers worldwide. The company has also signalled plans to continue expanding local collection capabilities throughout 2026, targeting further high-growth markets across Latin America and Asia Pacific to support its user base of nearly 2 million customers.
