On May 18, the Founder’s Guide team attended the Payoneer Forum held at the Cebu Marriott Hotel and learned about an alternative way for businesses to transact globally. Although we are more familiar with Paypal as an online payment system, we quickly learned that Payoneer has its own perks for businesses that avail of its services.
For those who remain in the dark about it, what exactly is Payoneer?
Payoneer provides cross-border wire transfers, online payments, and refillable debit card service for businesses and working professionals. Payoneer account holders have the option to receive funds into their local bank account or e-wallet, or via a re-loadable prepaid debit card, which is issued through MasterCard and can be used at ATMs or at the point-of-purchase.
As of 2015, Payoneer is available for more than 100 currencies in 200 countries.
The Payoneer Forum in Cebu brought a host of great speakers from Allan Donato, Co-founder of EASE Technology Solutions; Fleire Castro, Founder and Owner of ThirdTeam Media; and Dave Overton, Founder and Owner of Symp.ph, to name a few.
We were also lucky enough to get a quick interview with Jonny Steel VP of Marketing for Payoneer and Miguel Warren, Country Manager of Payoneer Philippines.
In the video below, Jonny and Miguel tells us what Payoneer is all about, what makes it different and why businesses should take advantage of this great online payments platform.