Payoneer and Tech Mahindra Collaborate to Advance Global Crowdsourcing Payments

A strategic collaboration to scale mutual community growth and innovation

Payoneer (NASDAQ: PAYO), the financial technology company empowering the world’s small and medium-sized businesses to transact, do business, and grow globally, has announced its collaboration with Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries. This collaboration aims to optimize payment capabilities for Tech Mahindra’s innovative crowdsourcing platform, Populii, and revolutionize the way businesses engage with the global crowdsourcing industry and manage financial transactions.

The integration of Payoneer with Populii enables gig workers to effortlessly track payments and grants seamless access to multi-currency functionalities. Tech Mahindra’s collaboration with Payoneer streamlines secure and flexible cross-border transactions for all stakeholders involved. The pandemic has reshaped the talent landscape, blurring traditional job boundaries. Enabled by digital platforms, gig work offers specialized skills to businesses and access to a diverse talent pool and standardized outcomes.

Populii leads in crowdsourcing innovation, providing businesses with a seamless, flexible solution for efficient crowdsourcing. With Payoneer integration, Populii users enjoy prompt, accurate international payments post-task, enhancing their platform experience. Payoneer offers a global multi-currency financial platform, supporting up to 11 of the world's most traded currencies across 190+ countries and territories. It empowers freelancers and businesses to effortlessly receive payments, and expand their international transactions across borders, so they can do business “locally” in international markets regardless of their physical or geographical location.

Gaurav Shisodia, Vice President of India, Payoneer, emphasized the significance of the collaboration, stating, "India's gig workforce is expected to grow significantly, reaching 23.5 million by 2030, according to a Nasscom Aon report. This collaboration with Tech Mahindra’s Populii aims to simplify global commerce for freelancers, combining Payoneer’s expertise in cross-border transactions with Populii’s technological strengths. Together, we’re enabling companies and gig workers to transact globally with ease, speed, and convenience in international markets."

Birendra Sen, President – Business Process Services, Tech Mahindra stated, “Populii connects enterprises with gig workers globally to execute AI-driven projects, user studies, and other tasks. With Payoneer’s hassle-free cross-border payment system, the Populii community will get paid as per a set schedule, further solidifying our position as a trusted platform.”

This collaboration between Payoneer and Populii signifies a shared vision to enhance user experience on Populii. Populii’s seamless API integration with Payoneer will provide gig workers with a secure, fast, and flexible cross-border transaction experience, enabling them to operate more efficiently on a global scale. 

About Payoneer

Payoneer is the financial technology company empowering the world’s small and medium-sized businesses to transact, do business, and grow globally. Payoneer was founded in 2005 with the belief that talent is equally distributed, but opportunity is not. It is our mission to enable any entrepreneur and business anywhere to participate and succeed in an increasingly digital global economy. Since our founding, we have built a global financial stack that removes barriers and simplifies cross-border commerce. We make it easier for millions of SMBs, particularly in emerging markets, to connect to the global economy, pay and get paid, manage their funds across multiple currencies, and grow their businesses. For more information, please visit https://www.payoneer.com/.

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Investor contact     
investor@payoneer.com 

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About Populii

Populii is a crowdsourcing platform with 11+ years of experience, established to empower enterprises to build high-quality machine learning models using a skilled gig workforce and flexible crowd delivery models. Our approach revolves around three customer-centric principles: advise, acquire, and annotate. These principles enable enterprises to quickly access skilled resources and accelerate product development. Populii provides opportunities for remote gig workers to collaborate with top companies through online projects that require human-in-the-loop services. Our mission is to foster innovation as well as enable enterprises to enhance their products & solutions through advanced and accurate AI algorithms, in collaboration with a global growing community of 200,000+ users.

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About Tech Mahindra

Tech Mahindra (NSE: TECHM) offers technology consulting and digital solutions to global enterprises across industries, enabling transformative scale at unparalleled speed. With 147,000+ professionals across 90+ countries helping 1100+ clients, TechM provides a full spectrum of services including consulting, information technology, enterprise applications, business process services, engineering services, network services, customer experience & design, AI & analytics, and cloud & infrastructure services. It is the first Indian company in the world to have been awarded the Sustainable Markets Initiative’s Terra Carta Seal, in recognition of actively leading the charge to create a climate and nature-positive future. Tech Mahindra is part of the Mahindra Group, founded in 1945, one of the largest and most admired multinational federation of companies.

For more information on how TechM can partner with you to meet your Scale at Speed™ imperatives, please visit https://www.techmahindra.com/

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