Payoneer Global: Indian Payment Aggregator Approval and Boundless Deal Boost Earnings Narrative

Payoneer Global's shares are up 14.3% following RBI approval to operate as a payment aggregator in India and the acquisition of Boundless. The developments highlight Payoneer's push to deepen its role in cross-border payments for SMBs. While the Indian regulatory milestone adds regulatory footing and potentially enhances transaction volumes, the earnings impact is uncertain. The recent share price gains skew toward execution on integration and India ramp-up. However, softer margins, suspended guidance, and a rich earnings multiple keep valuation risk and earnings disappointments on the table.