How was Payoneer created?

Payoneer was created in 2005 by Yuval Tal, who was the CEO at the time. The company was established with the aim of providing an online payment solution that would simplify the process of sending and receiving money across international borders. Payoneer operates as a cross-border payments platform that empowers businesses, online sellers, and freelancers to pay and get paid globally as easily as they do locally. The company initially focused on providing prepaid Mastercard that could be used as an alternative to credit cards and checks. Over time, Payoneer has expanded its services to include mass payout services, working capital, tax solutions, and risk management services.