For cross-border e-commerce businesses expanding into emerging markets, the efficiency and cost of payment processing are often critical factors. Payoneer, a global payment platform, has recently upgraded its services to enable direct payouts in Indonesian rupiah and Mexican peso, eliminating the need for intermediary banks to handle currency conversions.
This development is expected to significantly reduce transaction times while lowering fees and minimizing exchange rate losses. The move is particularly advantageous for e-commerce companies targeting Southeast Asia and Latin America, two of the fastest-growing regions for digital commerce.
Indonesia, the largest e-commerce market in Southeast Asia, accounts for over half of the region's total online transactions. Meanwhile, Mexico has emerged as one of the most dynamic markets in Latin America, with e-commerce growth outpacing regional averages.
Payoneer, which operates in more than 190 countries and territories, specializes in facilitating cross-border payments for small and medium-sized businesses. By supporting local currency payouts, the platform aims to streamline international transactions and enhance the competitiveness of merchants in global markets.
The platform's latest upgrade reflects a broader trend toward optimizing payment infrastructure for cross-border trade. As e-commerce continues to expand in emerging economies, efficient payment solutions are becoming increasingly vital for businesses seeking to capitalize on international opportunities.