Payoneer Global Inc. (NASDAQ:PAYO) Q2 2023 Earnings Conference Call August 8, 2023 8:30 AM ET

Company Participants

Michelle Wang – Vice President-Investor Relations

John Caplan – Chief Executive Officer

Bea Ordonez – Chief Financial Officer

Conference Call Participants

Darrin Peller – Wolfe Research

Mark Palmer – Berenberg

Will Nance – Goldman Sachs

Trevor Williams – Jefferies

Bob Napoli – William Blair

Sanjay Sakhrani – KBW

Josh Siegler – Cantor Fitzgerald

Ashwin Shirvaikar – Citi

Operator

Good morning. Thank you for standing by. Welcome to Payoneer’s Second Quarter 2023 Earnings Conference Call. At this time, all lines have been placed on mute to prevent any background noise. Following the speakers’ remarks, we will open the lines for your questions. As a reminder, this conference call is being recorded.

I would now like to turn the call over to Michelle Wang, Payoneer’s VP of Investor Relations.

Michelle Wang

Thank you, operator. With me on today’s call are Payoneer’s Chief Executive Officer, John Caplan; and Payoneer’s Chief Financial Officer, Bea Ordonez.

Before we begin, I’d like to remind you that today’s call may contain forward-looking statements. These forward-looking statements are subject to risks and uncertainties, including those set forth in our filings with the SEC, which are available in the Investor Relations section of payoneer.com. Actual results may differ materially from any forward-looking statements we make today.

These forward-looking statements speak only as of today and the company does not assume any obligation or intent to update them, except as required by law. In addition, today’s call may include non-GAAP measures. These measures should be considered in addition to and not instead of GAAP financial measures. Reconciliation to the nearest GAAP measure can be found in today’s earnings press release, which is available on our website.

Additionally, please note we have posted an earnings presentation supplement alongside our earnings press release on investor.payoneer.com.

With that, I’d like to turn the call over to John to begin.

John Caplan

Good morning, and thank you all for joining us today to discuss our second quarter 2023 results. On today’s call, I will discuss our business results, including a progress report on our strategic priorities. Bea will then cover our second quarter financial results and updated 2023 guidance.

Global commerce, the export of goods and services is more prevalent, digital, and borderless than ever. In a recent survey of thousands of global SMBs, we learned that they expect that by 2025, they will double their rate of revenue growth with nearly two-thirds of those revenues coming from outside their domestic market.