Lucknow, Aug 12 (UNI) Payoneer, a leading US based online payments company today launched its business in Uttar Pradesh with reiterating its commitment to become the preferred business partner for Indian entrepreneurs and freelancers. Payoneer empowers global commerce by connecting businesses, professionals, countries and currencies with its innovative cross-border payments platform. Payoneer enables millions of businesses and professionals from more than 200 countries to reach new audiences by facilitating seamless, cross-border payments. Additionally, thousands of leading corporations including Airbnb, Amazon, Getty Images, Google, and Upwork rely on Payoneer's mass pay-out services. Founded in 2005 and based in New York, Payoneer is venture-backed, profitable and ranked in the top 100 of Inc. 5000's Financial Services companies. With 12 offices worldwide (including its India HQ in Bangalore), it has an enviable talent pool of more than 700 employees globally. Commenting on the brands vision, Payoneer India, Country Manager Rohit Kulkarni, here today claimed that Payoneer is every cost effective and it saves up to 71 per cent on conversion than other payment solutions in receiving funds from global companies with zero transfer fees. Besides, he said the customer using Payoneer, gets his or her payments directly in their bank account in Indian currency and the company only deducts just two per cent as conversion charges and nothing else. Targetting the MSMEs in UP particularly the artisans and small time exporters of chikan embroiadary, sarees of Baranaras, leather work of Kanpur and Agra, brassware of Moradabad, glasswork of Ferozabad and sports equipements of Meerut. "UP has a large potential and we will go personally before them so that they can get the benefit from Payoneer," Mr Kulkarni said. "We at Payoneer are well poised to address the burgeoning demand we expect from Indian entrepreneurs and freelancers. It’s our endeavour to emerge as the preferred business partners to the local Indian business community and support them in expanding their services globally,” he further added. Payoneer got the licence in India in 2015 and it set up its office in Bangalore a couple of months back. UNI MB PY ADG AN1703