By  on March 15, 2016

In a move aimed at reducing risk associated with high-value business-to-business global commerce transactions, Payoneer has acquired Armor Payments for an undisclosed amount.

Armor Payments is a licensed B2B payments provider that offers “Escrow-as-a-Service” (EaaS), which allows buyers and sellers in direct deals or via indirect B2B marketplace transactions “to reduce the uncertainty and risk associated with high-value B2B purchases by making secure, online escrow payments anywhere in the world,” Payoneer said.

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