Update: Etsy Shares Rise After Payoneer Renews Partnership Through 2029
MT Newswires Live
3 hours ago
(Updates with the latest stock price movement in the headline and the first paragraph.)
Etsy (ETSY) shares rose over 4% on Wednesday after Payoneer Global (PAYO) renewed its partnership with the company through 2029, extending its role as a payments partner for Etsy sellers across 16 markets in Asia, Europe, South America and the Middle East.
The companies launched their partnership in 2023, enabling tens of thousands of sellers to receive cross-border payouts, Payoneer said Wednesday.
Eligible sellers can receive earnings in US dollars, withdraw to local bank accounts and manage funds across more than 70 currencies through Payoneer, it added.
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