Armor Payments, co-founded by former PayPal Director, Scott Reynolds, is the “only licensed B2B payments provider offering Escrow-as-a-Service (EaaS)”.
Through the acquisition, the new integrated Armor Payments Payoneer Escrow solution will allow B2B buyers and suppliers to engage in cross-border e-commerce “anywhere in the world”.
Payoneer says this will “reduce the uncertainty and risk associated with high-value B2B purchases”.
