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mick

11/24/21 1:48 PM

#236818 RE: mick #236817

courtesy of $payo Source: Payoneer Q3'21 earnings release

Of course, the volumes do suggest a return to growth here in Q4'21. The Q3'21 payment volumes were only $13.6 billion with the current forecast suggesting volumes in the $14.6 billion range for Q4'21.

Clearly, the shift from a marketplace payments platform focused business to a full suite of financial services for a business shifts the focus away from pure volumes. The take rate was previously forecast to decline to just 68 bps in 2021 after reaching 110 bps back in 2019.