Payoneer Releases Inaugural Global Impact Report

The report discusses how Payoneer is advancing its environmental, social, and governance priorities and shares baseline ESG metrics

NEW YORK--(BUSINESS WIRE)--Payoneer (NASDAQ: PAYO), the financial technology company empowering the world’s small and medium-sized businesses (SMBs) to transact, do business, and grow globally, today announced the release of its first annual Global Impact Report, identifying its priorities and impact pillars which align directly with business objectives and corporate culture.

Information within the report spans five key impact pillars:

• Customer Development
• Community Engagement
• Employee Wellbeing
• Governance
• Environmental Action

Highlights of the report include:

• Commitment to supporting customers in hard-hit or emerging markets, through expertise, donations, or integrating tools to give them access to the global market.
• The establishment of a global volunteer program, with 1,800 hours of volunteering by over 600 employee volunteers completed, with a particular focus on supporting young entrepreneurs.
• The company’s diversity metrics and initiatives dedicated to fostering an inclusive environment for its truly global workforce distributed across 41 locations in 36 countries.
• The company’s emphasis on data security and privacy policies, alongside ethical behaviors guidelines that support its commitment to maintaining high standards of integrity and compliance as the bedrock to a responsible global financial system.
• Payoneer’s first third-party greenhouse gas (GHG) assessment.

“I am proud to present our inaugural Global Impact Report showcasing our deeply rooted desire to make a lasting impact on the lives of our customers and their communities,” said John Caplan, CEO at Payoneer. “We are taking what is inherent and making it explicit, prioritizing the issues Payoneers hold near their hearts and highlighting the entrepreneurial spirit that lives within our company and our customers.”

Read the full Payoneer Global Impact Report here.

About Payoneer

Payoneer is the financial technology company empowering the world’s small and medium-sized businesses to transact, do business and grow globally. Payoneer was founded in 2005 with the belief that talent is equally distributed, but opportunity is not. It is our mission to enable anyone anywhere to participate and succeed in the global digital economy. Since our founding, we have built a global financial platform that has already made it easier for millions of SMBs, particularly in emerging markets, to pay and get paid, manage their funds, and grow their business.

Forward-Looking Statements

This press release includes, and oral statements made from time to time by representatives of Payoneer, may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or Payoneer’s future financial or operating performance. For example, statements regarding our expectations relating to our ESG initiatives, goals and targets. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expect,” “intend,” “plan,” “will,” “to be,” “estimate,” “anticipate,” “believe,” “predict,” “potential,” or “continue,” or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Payoneer and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) changes in applicable laws or regulations; (2) the possibility that Payoneer may be adversely affected by geopolitical and other economic, business and/or competitive factors; (3) Payoneer’s estimates of its financial performance; (4) the outcome of any legal or regulatory proceedings; and (5) other risks and uncertainties set forth in Payoneer’s Annual Report on Form 10-K for the period ended December 31, 2022, and future reports that Payoneer may file with the SEC from time to time. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward looking statements, which speak only as of the date they are made. Payoneer does not undertake any duty to update these forward-looking statements.