The Globe and Mail reports in its Tuesday, June 16, edition that digital payments giant Nuvei has struck a deal to buy Nasdaq-listed Payoneer Global for $2.75-billion (all figures U.S.). The Globe's Sean Silcoff writes that Nuvei said it would buy New York-based Payoneer, which handles cross-border payments and business transactions for small and medium-sized businesses in 150 markets, for $7.40 a share in cash. That is 10 per cent higher than Payoneer's last closing price -- and more than 40 per cent above its trading level last week before Reuters reported a deal was near. The combined company will have about $3-billion in annual revenue, upward of $500-billion in annual payment volume and more than 2.4 million customers. The combined entity should generate operating earnings exceeding 30 per cent of revenue and topline growth in the mid-teens percentage-wise, Nuvei founder Philip Fayer said. The deal has been approved by the boards of both companies and is expected to close in mid-2027, subject to approval by Payoneer shareholders and regulators. Goldman Sachs was lead financial adviser to Nuvei. Barclays Capital also advised the company.