Payoneer has expanded its global payment platform with new local collection capabilities in Indonesia, alongside enhanced local collection services in Mexico.
The update allows Payoneer customers to receive payments from local buyers and ecommerce platforms more efficiently, reducing costs and settlement times.
The company said the additions support SMBs operating across borders as global trade patterns continue to shift.
Indonesia is a key focus of the expansion.
As Southeast Asia’s largest ecommerce market, the country accounts for more than half of the region’s total online transaction volume.
With the new service, Payoneer customers can collect funds directly from Indonesian marketplaces and local businesses, while retaining control over foreign exchange management.
The company said this will help SMBs access demand in one of the region’s fastest-growing trade corridors.
The Indonesian launch builds on Payoneer’s existing local collection infrastructure across North America, Europe, Latin America and Asia Pacific. This infrastructure was developed in partnership with local providers.
Payoneer has also expanded its Mexican peso (MXN) collection services. The update enables customers to collect funds locally across multiple channels, including major ecommerce marketplaces.
The company said the changes reduce friction for international sellers entering the Mexican market.
Derek Green, Senior Vice President of Treasury and Payment Services at Payoneer, said:
“Global trade is dynamic, reshaping in response to macro factors and trade policy. By expanding our capabilities in markets like Indonesia and Mexico, we are supporting customers as they enter fast-growing markets and connect with local demand.”
The Indonesian and Mexican collection services are being rolled out globally.
Payoneer said it plans to continue expanding local collection capabilities in other high-growth markets across Latin America and Asia Pacific through 2026.
Featured image credit: Edited by Fintech News Indonesia, based on image by sodawhiskey via Freepik
