Payoneer acquires German payments company Optile

Payoneer has acquired Optile, a German payment platform that gives businesses access to any payment method and provider. With the acquisition, Payoneer wants to further build a platform that drives global growth for enterprises, marketplaces and small and medium-sized business worldwide.

With Optile’s payment platform and its single API, merchants can add payment options and partners. The platform is designed for business to scale faster to new markets. It’s now acquired by Payoneer, a cross-border payments platform that is originally from Israel. The transaction is expected to close within the next two months.

Independent payments platform

With the acquisition, Payoneer wants to further build its independent payments platform. According to its CEO, Scott Galit, Optile has an enterprise-grade tech and partner-friendly approach, which should be a great addition to Payoneer’s global platform.

‘Businesses deserve an open platform’

“We both believe businesses deserve an open platform that gives them full control over their business and streamlines payments globally – empowering them to accelerate growth today and meet their evolving needs in the future”, Galit explains.

Ecosystem of affiliated partners

One of Optile’s features is that it allows merchants to create their own ecosystem of affiliated partners. For example, an airline company can create an ecosystem of merchants that offer travel-related services. The customer then pays for their flight ticket, car rental, hotel, et cetera without needing to re-enter their payment information.