Payoneer, a global financial technology company, has reaffirmed its commitment to small and medium-sized businesses (SMBs) in the Philippines, citing the country as a key market.
The announcement was made during the Manila edition of its annual flagship event, VIP Connect, themed “20 Years of Empowering Businesses to Go Global.” The event brought together professionals from the e-commerce, information technology, marketing and healthcare sectors.
The Philippines’ position as a global outsourcing hub is a primary reason for Payoneer’s focus on the country. The IT and Business Process Management (IT-BPM) sector generated $38 billion and employed 1.82 million professionals in 2024, contributing 9 percent to the nation’s gross domestic product (GDP). The country also has an estimated 1.5 million gig workers.
Monique Avila, Payoneer head of customer success for Asia-Pacific, noted the company’s role in enabling seamless cross-border payments. “The country’s rich talent pool and fast-growing outsourcing industry make it a vital hub for global business, and we are here to ensure Filipino entrepreneurs have the tools and support to thrive on the world stage,” Avila said. She said Payoneer provides access to over 190 countries and territories and operates in ten currencies.
For nine years, Payoneer has been a partner for Filipino businesses, supporting their global expansion. At the event, industry leaders and Payoneer customers shared their experiences.
Mon Macutay, chief executive of Big Ideas PH, discussed how Payoneer’s tools helped him overcome challenges with delayed client payments. EJ Hamodiong, chief executive of VH BPO, credited the company with enabling his firm’s international expansion.
Ian Lawrence Logan, executive director of Ardent Paralegal and Business Solutions, and Regine Regencia, chief executive of Strategic Assistant Services, lauded Payoneer for its dedicated account managers and networking opportunities.
The event also marked the launch of Payoneer Workforce Management (WFM), a solution that simplifies hiring, onboarding and paying workers in over 160 countries without the need for businesses to set up a local entity.
Formerly known as Skuad, Payoneer WFM ensures compliance with local employment laws and offers benefits like insurance, workspace access and visa documentation.
“Workforce management is a natural extension of what Payoneer already does best—removing barriers for businesses to operate globally,” said Tarun Gadhok, senior director of account management WFM at Payoneer.
Payoneer also introduced new platform features designed to make payments faster and easier, including branded tax-compliant invoicing, quicker bank withdrawals and smarter foreign exchange tools with real-time alerts for conversions from US dollars to Philippine pesos.
