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Payoneer opens Philippines outsourcing office

Posted on December 8, 2016

New York-based online payments company Payoneer has seen the Philippines as a potential site for online outsourcing. Hence, Payoneer formally opened its office in the Philippines.

Payoneer is a digital financial services firm that offers payment solutions with its cross-border payments platform.

Since a huge part of Payoneer actually does online outsourcing, the company sees much potential in the Philippines. Payoneer’s Philippines manager, Miguel Warren says that now is the time to establish Payoneer’s presence in the country and get closer to their clients and empower them to grab global opportunities.

According to the 2015 Online Outsourcing report of World Bank Global Opportunity, global online outsourcing industry will gain revenues from $15 billion to $20 billion by 2020.

According to the same report, Philippines is ranked among the top five online outsourcing destination worldwide, garnering 18.6 percent of the global online workforce.

Since 2009, Payoneer has been operating in the Philippines and has been handled by the Asia Pacific regional office based in Hong Kong.

Warren emphasizes that Payoneer is strengthening the company’s presence in the Philippines which is already familiar to their services.

From 2010 to 2015, Payoneer registrations has increased to 230 percent and the volumes also increased by 307 percent.

Due to the huge growth, Payoneer has decided to formally open its office in the Philippines. Payoneer continues to be positive of the opportunities in the country.

With the establishment of the Payoneer’s local office in Manila, the company can offer better services to innovative outsourcing professionals and freelancers. At the same time, increase the number of small and medium enterprises.



Online payment firm Payoneer launches in PH, GMA News