Jaipur, 3rd December 2024.

Payoneer (NASDAQ: PAYO), the financial technology company empowering the world’s small and medium-sized businesses to transact, do business, and grow globally hosted the 8th edition of Payoneer Forums Summit2024 at Jaipur Marriott Hotel on 21st November. The event brought together over 530+ attendees and global marketplace leaders and delved into topics such as the growing importance of cross-border trade for Indian eCommerce businesses, the rise of global marketplaces and Indian SMBs, and important considerations for these SMBs, including digital payments and fintech solutions, D2C strategies, building authentic brands, and addressing taxation, compliance, shipping and logistics.

As India has emerged as one of the fastest-growing e-commerce markets, with the sector expected to grow at a CAGR of 15.9% to reach US$150 billion by 2026 (Source), cities like Jaipur emerging as leaders in this growth. The city is well positioned to become a powerhouse for global commerce with

Payoneer Jaipur’s performance highlighting a 100% CAGR in transaction volume from 2016 to 2023. Payoneer’s Jaipur sellers have experienced a steady expansion in customer base and 82% CAGR in customer base, highlighting the city's potential for sustainable commerce.

(All Data pertains to Payoneer Jaipur ecommerce Market till 31^st December 2023)

Nagesh Devata, Payoneer, Senior Vice President APAC said, “The future of e-commerce is borderless, with the APAC region offering immense opportunities for Indian businesses.

In India, Payoneer has witnessed remarkable customer growth, with a 106% CAGR in volume, 94% CAGR in revenue and , 63% CAGR customer base  from 2016 to 2023. This upward trajectory showcases India's emergence as a major player in the global e-commerce landscape. Our goal at Payoneer is to facilitate business growth and global expansion for Indian entrepreneurs, fostering economic development and creating a lasting impact in emerging economies through innovative solutions.”

(All Data pertains to Payoneer Ecommerce performance of India Market till 31^st December 2023)

Gaurav Shisodia, Payoneer Vice President, India, said, “As India's e-commerce exports are expected to grow from $4-5 billion (FY23) to $200-300 billion by 2030, we believe Payoneer is well positioned to accelerate cross-border growth for these SMBs(Source). We are the platform of choice for e-commerce SMBs and are focused on empowering these entrepreneurs with the right tools, knowledge, and connections to tap into emerging trends, sustainable logistics, global marketplace insights and access to ecosystem partners .”

At the event, global marketplace leaders from Shopify, BigCommerce, and Joom along with DHL Express, and EY, as well as brand and network partners such as DGFT, Corpify, SellerApp, OneWorld Express, Aspire For Her, AdYogi, V3 Ventures, KuberBox, Shyle, and Moonstruck shared valuable insights and expertise to empower Indian entrepreneurs and businesses to thrive in the global digital economy: