Problems at Payoneer (PAYO)

Problems at Payoneer (PAYO)

Payoneer (NASDAQ: PAYO — $3.3 billion) describes itself as “a global payment platform which powers growth for millions of digital businesses worldwide.” Payoneer began trading on the NASDAQ this week after merging with a SPAC, and many investors view Payoneer as a next-generation payments company. In reality, Payoneer appears to transact in the high-ris…

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