What jurisdiction does Payoneer operate under?
Payoneer is a financial services company that provides online money transfer, digital payment services and provides customers with working capital. It is headquartered in New York City, USA, and thus primarily operates under the jurisdiction of the United States. However, as an international company, it also complies with the laws and regulations of the countries in which it operates. Payoneer is registered as a Money Services Business (MSB) with the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of Treasury and it is licensed as a money transmitter in various U.S. states. Additionally, Payoneer EU is a licensed e-money issuer in the European Union.