What is Payoneer EDI Payment?

Payoneer EDI Payment refers to the Electronic Data Interchange (EDI) system used by Payoneer, a financial services company that provides online money transfer and digital payment services. EDI is a computer-to-computer exchange of business documents in a standard electronic format between business partners. By moving from a paper-based exchange of business document to one that is electronic, businesses enjoy major benefits such as reduced cost, increased processing speed, reduced errors and improved relationships with business partners.