US-based financial technology company Payoneer Global Inc. (NASDAQ: PAYO) has expanded its global payment platform with new collection capabilities in Indonesia and enhanced local collection services in Mexico, the company said.

These additions enable customers to transact and receive funds from local buyers and ecommerce platforms faster and more cost-effectively, helping businesses access new growth markets as global trade flows continue to evolve.

Payoneer empowers small and medium-sized businesses in more than 190 countries and territories to do business globally, whether selling on the world's largest ecommerce marketplaces or directly to other businesses.

A core pillar of its offering is enabling SMBs to be local to their customers in the markets they serve.

As part of this strategy, working with local providers, Payoneer has launched local collection capabilities in Indonesia and Mexico.

These capabilities build on Payoneer's existing local collection infrastructure across North America, Europe, Latin America, and Asia Pacific, helping customers access new demand and expand in fast-growing, strategic trade corridors.

Indonesia is the largest ecommerce market in Southeast Asia, accounting for more than half of total online business volume within the Association of Southeast Asian nations bloc.

With this launch, Payoneer enables SMBs to collect funds directly from local marketplaces and businesses in Indonesia, providing greater control over foreign exchange management and access to a burgeoning trade corridor.

Payoneer's expanded Mexican peso collection services reduce friction for global sellers entering the market while supporting shifting international demand. Customers can now collect funds across multiple channels, enabling local collections from major ecommerce marketplaces.

Mexican and Indonesian local collection services are rolling out to Payoneer customers around the world.

Through 2026, Payoneer plans to further expand local collection capabilities in high-growth markets, including in Latin America and Asia Pacific, scaling the capabilities and infrastructure that support the global ambitions of its almost 2m customers.

Payoneer is the financial platform for cross-border business and global payments. Payoneer empowers millions of businesses with the financial tools and services they need to grow and transact globally with confidence.