Payoneer Applies to Establish Digital Bank, Expanding into Stablecoins and Digital Assets

Payoneer Steps Into the Digital Banking Era

Recently, Payoneer submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) seeking approval to establish a digital bank subsidiary named PAYO Digital Bank.

If granted, this new entity would be authorized to handle stablecoin transfers, issue its own USD-backed PAYO-USD token, and provide digital asset custody services.

Strategic Implications and Future Goals

This move signals Payoneer's deepening commitment to digital finance and its ambition to play a key role in the evolving blockchain and cryptocurrency landscape.

• Bridge traditional finance with blockchain innovation
• Enhance cross-border payment efficiency and security
• Offer users a broader range of digital asset management solutions

As global interest in stablecoins and digital assets grows, Payoneer is positioning itself to lead in the next generation of financial infrastructure.