Insurance firm Ping An has invested an undisclosed sum in SIG-backed Payoneer, and will help it expand its international payment service in China.
US-based online international payment provider Payoneer has secured investment from China-based insurance company Ping An on Monday. The amount invested has not been disclosed.
Payoneer provides a system in which customers are able to make international payments to over 200 countries across the world as if they were making a local payment. Ping An will also collaborate with Payoneer to help it promote its brand in China.
The total disclosed funding for Payoneer prior to the Ping An investment was…
