Financial Data and Key Metrics - Q2 revenue increased 40% YoY to $207 million, driven by higher margin products, improved monetization, and growth in key B2B regions [9] - Adjusted EBITDA of $56 million, nearly quadrupled YoY, representing a 27% adjusted EBITDA margin [4] - Q2 take rate was 131 basis points, up 30 basis points YoY and 9 basis points sequentially [14] - Customer funds held by Payoneer increased 8% YoY to $5.5 billion, with $55 million in interest income earned from these balances [16] - Q2 net income was $46 million, compared to $4 million in Q2 2022, with basic and diluted EPS of $0.12 [19] Business Line Performance - B2B payments volume declined 2% YoY, but grew 12% YoY excluding proactive customer terminations made last year [5] - Strong traction in B2B business in service-oriented markets like APAC, SAMEA, and Latin America [5] - Total active ICPs grew 6% YoY, with 13% growth in APAC, SAMEA, and Latin America [6] - Largest ICPs (those with >$10,000 monthly volume) grew 18%, contributing over 50% of total revenues [6] - Originations from first-time users increased 80% in Q2 [11] Market Performance - APAC, SAMEA, and Latin America saw 29% YoY volume growth, with Europe showing stable growth despite Ukraine war impacts [31] - China remains a significant market, with over 50% YoY revenue growth in Q2, driven by customer growth and ARPU increases [121] - New verticals in Europe, such as agricultural exporters, represent $30 billion in potential annual volume [10] Strategic Direction and Industry Competition - Focus on acquiring ICPs, improving ARPU, and expanding product offerings like commercial cards and checkout services [7][48] - Investments in platform transformation, including cloud-based infrastructure and new onboarding functionality [11] - Strategic acquisitions, such as a China-based payment service provider and an Israeli data platform, to enhance underwriting and risk management [61][103] - Emphasis on operating efficiency and cost discipline, with headcount reductions and streamlined operations [21][102] Management Commentary on Operating Environment and Future Outlook - Management expects interest income to remain a meaningful contributor to core revenue in the coming years [15] - Guidance for 2023 adjusted EBITDA raised to $160-$170 million, reflecting a 20% margin [26] - Anticipated 10% core revenue growth in the back half of 2023, driven by B2B acceleration and new verticals [47][162] - Long-term focus on ICP growth, ARPU expansion, and leveraging technology for operational efficiency [87] Other Important Information - Payoneer repurchased $20 million of shares at a weighted average cost of $4.68 per share [20] - The company expects to use 25% of interest income for platform investments and stock repurchases [17] - New product features, such as real-time fund availability and enhanced commercial card functionality, aim to improve customer experience and drive growth [7] Q&A Session Summary Question: What drives the confidence in continued ICP growth in H2 2023? - Answer: Strong product offerings, focused go-to-market efforts, and exceptional partnerships globally enable continued ICP growth [68][69] Question: How are B2B headwinds in North America and Europe expected to evolve? - Answer: Outside of China, strong YoY volume growth is seen, with Ukraine showing resilience despite challenges [70] Question: What is the outlook for interest income and its sustainability? - Answer: Interest income is expected to remain a meaningful driver of revenue, with medium-term interest rates projected at 2%-3% [49][156] Question: What are the expectations for M&A activity? - Answer: The company continues to evaluate M&A opportunities, particularly in product extensions and regional footprint expansion [50] Question: How is Payoneer managing operating efficiency and cost discipline? - Answer: Recent headcount reductions and streamlined operations are driving greater efficiency, with a focus on high-growth areas [21][102]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR Registrant's Telephone Number, Including Area Code N/A ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Payoneer Global Inc. (Exact name of registrant as specified in its charter) Delaware 001-405 ...

Financial Data and Key Metrics Changes - Adjusted EBITDA increased by $28 million year-over-year to $39 million, representing a 20% adjusted EBITDA margin [5] - Q1 volume increased by 8% year-over-year to $15.7 billion, driven by a recovery in travel and mid single-digit growth from large e-commerce marketplaces [14] - Customer funds held by Payoneer increased by $837 million, or 18% year-over-year, to $5.5 billion [15] - Q1 net income was $8 million compared to $20 million in the first quarter of last year, which included a gain of over $30 million from the change in fair value of warrants [17] Business Line Data and Key Metrics Changes - B2B AP/AR volumes increased by 23% year-over-year on an apples-to-apples basis, while overall B2B volumes increased by 2% year-over-year [31] - The penetration of the virtual commercial card increased by over 50% and more than doubled year-over-year [9] - The take rate for Q1 was 122 basis points, up from 94 basis points in the prior year period [39] Market Data and Key Metrics Changes - Payoneer experienced over 25% year-over-year revenue growth in each of its six regions, with over 70% growth in Latin America [5] - Key countries such as Vietnam, Argentina, Mexico, Colombia, and UAE saw over 50% year-over-year growth [5] - The company is focusing on emerging markets, particularly in Latin America, CEMEA, and APAC, which are expected to drive future growth [50][74] Company Strategy and Development Direction - The company aims to deliver strong and sustainable revenue growth, focusing on Ideal Customer Profiles (ICPs) and building a next-generation technology platform [28] - Payoneer is actively evaluating product-driven M&A opportunities to enhance its growth strategy and expand its market presence [10][18] - The company is incorporating AI in its onboarding processes to increase efficiency and reduce customer acquisition costs [7] Management's Comments on Operating Environment and Future Outlook - Management noted that while volume growth is below expectations, there is strong customer acquisition momentum [8] - The company anticipates interest rates will begin to decrease in the latter half of the year, which may impact revenue [20] - Management expressed confidence in meeting updated 2023 financial targets despite macroeconomic headwinds [21] Other Important Information - The company has paused hiring plans across the organization to generate savings in 2023 [61] - Payoneer will host its first Investor Day on September 21, 2023, in New York City [62] Q&A Session Summary Question: What are your thoughts on the ability to grow the ICP base during different macro environments? - Management indicated that they are focused on acquiring and serving customers who meet the ICP criteria, with early momentum observed [46][64] Question: Can you provide insights on ARPU opportunities and pricing strategies? - Management is experimenting with pricing strategies, including account fees, and noted that B2B business monetizes at 50% greater than marketplace payouts [48][99] Question: How do you see the geographic mix evolving with the focus on ICPs? - Management expects to see a shift in geographic mix as they penetrate high-growth markets, particularly in Latin America and APAC [49][70] Question: What is the impact of the recent banking turmoil on customer behavior? - Management reported no significant changes in customer behavior despite the banking turmoil, indicating strong trust in Payoneer [85][101] Question: What types of businesses are being considered for M&A? - Management is evaluating M&A opportunities focused on product extensions, regional footprint expansion, and enhancing existing licensing frameworks [128]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Payoneer Global Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation) Delaware 001-40547 86-1 ...

Financial Data and Key Metrics Changes - Payoneer reported 2022 revenue of $628 million, representing a 33% year-over-year growth, and adjusted EBITDA of $48 million, reflecting a 72% year-over-year growth [84] - Q4 revenue increased 32% year-over-year to $184 million, driven by growth in high-value services and interest income from customer balances [126] - The company ended Q4 with cash and cash equivalents of $543 million, a sequential increase of $35 million [14] Business Line Data and Key Metrics Changes - The B2B accounts payable/accounts receivable (AP/AR) business saw a 10% year-over-year volume growth in Q4, indicating strong demand for these services [97] - A threefold increase in spend on the virtual Commercial Mastercard was reported, with over $1 billion in volume achieved [71] - Customer funds held by Payoneer increased nearly $800 million sequentially and over $1.4 billion year-over-year to $5.8 billion [97] Market Data and Key Metrics Changes - The geographic diversity of revenue increased, with nearly 35% of overall revenues coming from Latin America, APAC, and SAMENA, up from approximately 20% four years ago [86] - The company experienced a normalization in volumes from large e-commerce marketplaces, with mid-single-digit volume growth reported [31] - Interest income from customer balances reached $36 million in Q4, up from less than $1 million in the prior year period [127] Company Strategy and Development Direction - Payoneer plans to invest approximately $30 million in building the next generation of its technology platform in 2023, focusing on automation and operational efficiency [94] - The company aims to double adjusted EBITDA in 2023 while continuing to invest in growth and profitability [16] - Payoneer is focused on acquiring more profitable active customers and enhancing its product capabilities to serve a larger customer base profitably [77] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting 2023 financial targets while investing for long-term growth, despite known headwinds from the decline in revenues for certain onboarding services and the exit from Russia [104] - The company anticipates continued strong growth in its B2B business and other high-value services, with a focus on managing acquisition costs and improving profitability [135] - Management highlighted the importance of leveraging the brand to attract more SMBs while reducing onboarding costs [78] Other Important Information - The Board of Directors appointed Bea Ordonez as CFO effective March 1, 2023, marking a leadership transition [8] - The company established the Payoneer Foundation to support charitable efforts aligned with its values, including small business development [124] - Payoneer reported a net loss of $10 million in Q4, compared to a net loss of $19 million in the same period last year [101] Q&A Session Summary Question: Insights on customer cohort profitability - Management noted that size drives economics, and investments in the platform will enable serving more customers profitably over time [23] Question: Product enhancements and spending priorities - Management highlighted a threefold increase in the Commercial Mastercard and emphasized the importance of bundling products to drive growth [25] Question: Pipeline for new larger SMB merchant partners - Management indicated optimism about the pipeline and the potential for growth in the B2B AP/AR business, particularly in Latin America [150] Question: M&A opportunities and market valuations - Management acknowledged that private company market valuations are rationalizing and that they are evaluating potential M&A opportunities [51] Question: Payoneer to Payoneer volume and monetization efforts - Management confirmed ongoing exploration of monetization strategies for Payoneer account holder transactions [161]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________. Payoneer Global Inc. (Exact name of registrant as specified in its charter) 001-40547 (Commission file number) Delaware 86-1778671 (St ...

Start Time: 16:30 January 1, 0000 5:20 PM ET Payoneer Global Inc. (NASDAQ:PAYO) Q3 2022 Earnings Conference Call November 09, 2022, 16:30 PM ET Company Participants Scott Galit - Co-CEO John Caplan - Co-CEO Michael Levine - CFO Michelle Wang - VP, IR Conference Call Participants Will Nance - Goldman Sachs Sanjay Sakhrani - Keefe, Bruyette & Woods Josh Siegler - Cantor Fitzgerald Cris Kennedy - William Blair Mayank Tandon - Needham Mike Grondahl - Northland Securities Operator Good afternoon and thank you fo ...

Table of Contents 150 W 30th St New York, New York, 10001 (Address of principal executive offices, including zip code) (212) 600-9272 Registrant's Telephone Number, Including Area Code N/A (Former name or former address, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | --- | --- | --- | | Common Stock, par value $0.01 per share | PAYO | The Nasdaq Stock Market LLC | | Warrants, ...

Payoneer Global Inc. (NASDAQ:PAYO) Q2 2022 Earnings Conference Call August 11, 2022 4:30 PM ET Company Participants Michelle Wang - Vice President, Investor Relations Scott Galit - Co-Chief Executive Officer John Caplan - Co-Chief Executive Officer Michael Levine - Chief Financial Officer Conference Call Participants Bob Napoli - William Blair Will Nance - Goldman Sachs Sanjay Sakhrani - KBW Josh Siegler - Cantor Fitzgerald Ashwin Shirvaikar - Citi Sam Salvas - Needham & Co Mike Grondahl - Northland Securit ...

OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Payoneer Global Inc. FORM 10-Q Table of Contents ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the quarterly period ended June 30, 2022 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation) (Commission File Number) ...