Hub Workforce Management

Solutions · FreeMalta

Pay Your Global Contractors.
Without the Headache.

Most Malta companies have figured out the hiring part. The part that breaks is what comes next — paying twenty contractors in twelve countries every month, in different currencies, without setting up a local entity in each one. That's the problem Payoneer Workforce Management was built for.

NASDAQ: PAYO

200+ countries

2,000+ platform integrations

20+ years in market

200+

Countries covered

2,000+

Platform integrations

20+

Years in market

PAYO

NASDAQ listed

The problem

Why contractor payments break at scale

A Malta company with five local employees and three overseas contractors handles payments fine. That same company with thirty contractors across fifteen countries — each expecting to be paid in their local currency, on time, with documentation for their own tax filings — is a different situation entirely.

Traditional bank transfers to international contractors involve correspondent bank fees, unpredictable exchange rates, 3-5 day settlement delays, and a reconciliation problem at month-end that somebody has to solve manually. Multiply that by thirty contractors and you've created a part-time job for someone who should be doing something else.

Payoneer Workforce Management collapses that into one process. One payment run, one invoice, one reconciliation. Every contractor receives in their preferred method — local bank transfer, Payoneer balance, or direct to their preferred account — without you managing the currency conversion or the correspondent bank relationship.

Calculate your hiring cost

EOR vs Contractor vs Local Entity — three scenarios, one decision.

The platform

Payoneer Workforce Management

NASDAQ: PAYO · Acquisition by Nuvei announced June 2026

Core platform

Payoneer's workforce management layer — built for companies paying freelancers and contractors across dozens of countries without setting up local entities. Batch payments, compliance documentation and multi-currency payouts in one dashboard. Built for companies paying freelancers and contractors across dozens of countries without setting up local entities. The difference between Payoneer Workforce and a standard bank transfer isn't just speed — it's the entire compliance, documentation and reconciliation layer that comes with it.

Batch payments to hundreds of contractors in a single payment run

Multi-currency payouts — contractors receive in their local currency

Compliance documentation generated automatically per contractor

Approval workflows — payment runs reviewed before execution

Direct integration with Xero and QuickBooks for automatic reconciliation

Full audit trail — every payment, every contractor, every period

Get started with Payoneer

How it works

From contractor list to paid — in one run

Onboard your contractors

Each contractor registers their own Payoneer account and sets their preferred payout method — local bank, Payoneer balance, or card. You collect no banking details yourself.

Run your payment batch

Upload a CSV or build the payment run in the dashboard. Set amounts per contractor, add payment notes, route through your approval workflow.

Execute and reconcile

Payoneer handles the currency conversion, the cross-border transfer, and the documentation. Your accounting integration picks up the transaction automatically.

One invoice, one record

You receive a single consolidated invoice for the entire payment run. Every contractor gets individual payment confirmation and documentation for their own records.

Key features

What makes Payoneer Workforce different

⚡

Same-day settlement

Payoneer-to-Payoneer transfers settle instantly. Bank transfers typically arrive within 1-2 business days, versus 3-5 for standard international wires.

🌍

No local entities required

Pay contractors in India, Ukraine, Brazil, Nigeria — without a local registration, local bank account, or local compliance setup in any of those countries.

📋

Compliance documentation

Payment records, contractor statements and audit trails generated automatically — what you need for your own reporting and what your contractors need for theirs.

🔗

Accounting integration

Direct sync with Xero and QuickBooks. Every payment run posts to your accounts automatically — no manual entry, no month-end reconciliation backlog.

Context — The Nuvei acquisition · June 2026

In June 2026, Canadian fintech Nuvei announced the acquisition of Payoneer for $2.75 billion in cash — a 44% premium on the pre-announcement share price. The deal is expected to close mid-2027, after which Payoneer will be delisted from NASDAQ. The combined platform will process approximately $500 billion in annual payment volume across 190+ countries. For businesses using Payoneer Workforce, this means deeper infrastructure, stronger global banking relationships, and stablecoin/digital asset capabilities down the line. Payoneer continues to operate independently until closing.

Payoneer for receiving payments

Payoneer Workforce handles the outbound side — paying your contractors. If you also need to receive payments from international clients, platforms like Upwork, Fiverr or Amazon, Payoneer's standard platform gives you local receiving accounts in USD, EUR, GBP and more, with withdrawals to your Malta bank at a flat fee.

The FreeMalta International Payments page covers the full Payoneer receiving stack — how it compares to Wise, when to use each, and what Malta freelancers and founders actually use it for.

Real outcomes

How companies use it

Case Study · Agency

Digital agency · Malta · 22 contractors across 9 countries

Problem: €800+ in wire fees and 3 days of admin per month

A Sliema-based digital agency was paying contractors in Ukraine, Serbia, India and Brazil via SWIFT transfers. Each transfer cost €25–45 in correspondent bank fees, took 3–5 days to clear, and required manual reconciliation in Xero every month-end. With 22 contractors, this had become a part-time job.

After moving to Payoneer Workforce Management, they run a single batch payment every two weeks. Contractors receive in their local currency same-day or next business day. The Xero integration posts automatically. Month-end reconciliation dropped from ~6 hours to zero.

€900+

Monthly savings on wire fees

6h → 0

Month-end reconciliation time

1 run

Pays all 22 contractors

Case Study · SaaS Startup

B2B SaaS · Malta-registered · Remote team of 14

Problem: Scaling the team without setting up foreign entities

A Malta-registered SaaS company wanted to bring on engineers in Poland, Romania and Colombia — but not as employees. The founders didn't want to set up local entities in three countries, hire local HR consultants, or deal with employment law in jurisdictions they didn't understand.

They used Payoneer Workforce's CMS tier to onboard all 14 contractors directly. Each contractor set their own payout method. The founders run one approved payment batch per month, get one invoice, and never touch a SWIFT form. They expanded to two more countries 6 months later — same process, no new entities.

Local entities required

Countries, one platform

$19

Per contractor/month (CMS)

The stack

Tools that complete the picture

Payoneer Workforce handles the payment. These tools handle everything around it.

Deel

When you need to hire, not just pay. Deel is the EOR layer — contracts, compliance, SSC contributions. Payoneer Workforce takes over once someone is already on your contractor roster.

Pairs well

Xero

Every Payoneer payment run syncs directly to Xero. Your accounts are updated automatically — no manual reconciliation, no month-end backlog.

Pairs well

Trainual

Onboard new contractors properly before the first payment run. Trainual handles the process documentation, Payoneer handles the payment.

Pairs well

FreeMalta builds what it recommends

News Beast. AnotherCandidate. This platform. AI agents. Automated newsrooms. Workflows that run while you sleep.

Fractional CAIO

Frequently Asked Questions

What is Payoneer Workforce Management?

Payoneer Workforce Management is a platform built specifically for companies paying freelancers and contractors across multiple countries. Unlike traditional payroll systems, it handles batch payments to hundreds of contractors simultaneously, in their local currencies, without requiring you to set up local entities in each country.

What is the difference between Payoneer Workforce and Deel?

They solve different problems. Payoneer Workforce is optimised for paying existing contractors — batch payments, multi-currency, compliance documentation. Deel is an Employer of Record platform — it handles the legal employment relationship, contracts, SSC contributions and full compliance when hiring someone new. Most growing companies use both: Deel to hire, Payoneer to pay existing freelance teams.

Can a Malta company use Payoneer Workforce Management?

Yes. Malta-registered companies can use Payoneer Workforce to pay contractors in 200+ countries without setting up foreign entities. Payoneer handles the cross-border payment infrastructure, currency conversion and compliance documentation.

Is Payoneer a trusted platform?

Payoneer is publicly traded on NASDAQ (PAYO) with over 20 years in the market and 2,000+ platform integrations including Amazon, Airbnb and Upwork. In June 2026, Canadian fintech Nuvei announced its acquisition of Payoneer for $2.75 billion, further strengthening the platform's infrastructure and global reach. The deal is expected to close in mid-2027.

How does Payoneer Workforce integrate with accounting?

Payoneer Workforce exports payment data directly to Xero and QuickBooks. Every contractor payment, currency conversion and fee is logged automatically — no manual reconciliation at month-end.

What is the difference between Payoneer Workforce and Payoneer standard?

Payoneer's standard product is optimised for receiving payments — freelancers getting paid from platforms like Upwork or Fiverr. Payoneer Workforce is the business-facing layer — designed for companies making payments to their contractor workforce at scale, with batch processing, approval workflows and compliance documentation built in.