What is the relationship between Payoneer and First Century Bank?

Payoneer is a financial services company that provides online money transfer, digital payment services and provides customers with working capital. One of their banking partners is First Century Bank. When you open a Payoneer account, you are given a virtual US bank account from First Century Bank. This allows you to receive payments from American companies as if you have a US bank account. It’s a crucial part of Payoneer’s service, especially for freelancers and businesses outside the US who need to receive payments from US-based clients or companies.