Payoneer Launches EU Subsidiary in Gibraltar

NEW YORK — Global payments solutions company Payoneer has launched an EU subsidiary in Gibraltar, a move that is likely to expand its virtual-currency offerings throughout the European continent.

Up until now, Payoneer hasn't been a licensed banking institution in the EU and the processor has had to outsource its card-issuing business involving prepaid Mastercard products.

But in July, the Gibraltar Financial Services Commission gave the green light to Payoneer, adding the company to a list of only three companies that are authorized for the issuance of e-money.

The two other non-bank e-wallet companies authorized by Gibraltar financial regulators are Wave Crest Holdings Ltd. and Transact Network Ltd.

Payoneer, as well as the two other e-wallet companies, have banked on the EU E-Money Directive of 2009 that allows EU countries to allow bank establishments not only nationally but by the various member countries within the EU market.

Payoneer's move appears as a major expansion into the EU that could bring enhanced products, flexibility and capability for the New York-based company, which specializes in payout solutions for service providers, performer payouts and affiliate networks.

Seven-year-old Payoneer, which also has an office in Tel Aviv, provides only e-wallet transactions and does not provide third-party processing or credit card processing.

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Sara Jay, Dan Leal to Sponsor XBIZ Amsterdam Kick-Off Event

Sara Jay’s Wyde Syde Productions and Porno Dan Leal’s Market64 will co-sponsor the Bottoms Up Day Drinking kick-off event for XBIZ Amsterdam 2025 at Excalibur Café on Sept. 2, from 2-4 p.m. (CET).

AEBN Publishes Report on DP Trends

AEBN has published a report on DP and extreme penetration categories from its straight and gay theaters.

Free Speech Coalition Appoints Megan Stokes to Board of Directors

The Free Speech Coalition (FSC) announced today that it has appointed Megan Stokes to its Board of Directors.

FansRevenue Acquires DivaTraffic

FansRevenue has acquired web traffic service DivaTraffic.

AEBN Announces Peter Green as Top Male Boy/Girl Performer for Summer 2025

AEBN has revealed its top 10 male Boy/Girl performers for summer 2025, with Peter Green landing atop the leaderboard.

Spicey AI Relaunches Site, Debuts $Spicey Tokens

Interactive voice chat platform Spicey AI has relaunched its website and introduced $Spicey tokens.

FSC: Missouri Age Verification Rule Will Not Take Effect August 30

The Free Speech Coalition (FSC) announced that Missouri's proposed age verification legislation will not take effect on August 30, as it had originally estimated.

Little Caprice, Marcello Bravo to Co-Host 2025 XMA Europa Awards

XBIZ is pleased to announce that husband-and-wife duo Little Caprice and Marcello Bravo will co-host adult’s biggest night in Europe: the 2025 XMA Europa Awards on Sept. 4, in the epic climax to XBIZ’s fall events series.

Germany Will Block Payments to AV-Noncompliant Adult Sites as of Dec. 1

Starting Dec. 1, Germany will implement new rules prohibiting financial institutions from providing payment services to adult sites deemed to have inadequate age verification systems and making it easier for the government to target websites mirroring the content of such sites.

Jerkmate Joins Pineapple Support as Partner-Level Sponsor

Jerkmate has joined the ranks of over 70 adult businesses and organizations committing funds and resources to Pineapple Support.

Show More