Payoneer Announces Record Revenue in Q2 2025

Global financial technology firm Payoneer revealed record-breaking revenue for the second quarter of 2025, demonstrating its growing impact on facilitating international expansion for Small and Medium-sized Businesses (SMBs) globally, including Pakistan’s rapidly expanding digital export sector.

The company’s revenue for the quarter, not counting interest income, increased by 16 percent compared to the previous year. This growth was fueled by an 11 percent increase in transaction volumes and enhanced take rates, especially among SMB clients. Payoneer credited this success to strong global demand for its borderless financial infrastructure, which supports service exporters, B2B sellers, e-Commerce merchants, and digital businesses in over 190 markets.

SMB Revenue Growth

Revenue from SMB customers reached $183 million in the second quarter, representing an 18 percent increase year-over-year. Marketplace sellers generated $116 million, an 8 percent increase compared to last year. B2B SMBs contributed $58 million, showing a significant 37 percent increase. Checkout revenue also saw substantial growth, jumping 86 percent to $9 million, driven by the increasing adoption of Payoneer’s card and digital payment solutions.

ARPU Growth

The financial technology firm also reported its fourth consecutive quarter of annual growth exceeding 20 percent in average revenue per user (ARPU), excluding interest income. ARPU increased by 21% year-over-year, supported by adoption among ideal customer profiles exceeding $10,000, growth in B2B and Checkout products, and focused pricing strategies.

Partnership with Stripe

In an effort to enhance its Checkout business, Payoneer announced a collaboration with US-based Stripe. This alliance will integrate Stripe’s payment technology with Payoneer’s local expertise and comprehensive financial services, enhancing capabilities in emerging markets, with a particular focus on Pakistan.

Executive Commentary

“Payoneer delivered another strong quarter, with record revenue excluding interest income up 16 percent year-over-year and robust growth across our SMB customers,” stated John Caplan, Payoneer’s Chief Executive Officer. “Our performance demonstrates the strength of our business model and disciplined execution. With a strong market position, unique assets, and a clear focus, we are confident in our strategy and are reinstating our 2025 guidance.”

Impact on Pakistan’s Digital Exports

Industry analysts point out that Pakistan’s digital export market, which includes IT services, eCommerce, and freelancing, is poised to benefit from Payoneer’s global infrastructure, localized customer support, and product innovation. The company’s enhanced capabilities could offer local entrepreneurs more competitive access to international payment solutions and marketplaces.