Payoneer applies for US national trust bank charter #
Payoneer has applied to the Office of the Comptroller of the Currency (OCC) for a national trust bank charter, seeking to bring more of its cross-border payments operations under direct federal supervision. If approved, the charter would allow the company to provide custody and certain payment services through a regulated banking entity, while continuing to focus on global payouts for businesses and marketplaces
The application reflects a broader trend of fintech and crypto-linked firms pursuing trust bank structures to gain regulatory clarity and reduce reliance on partner banks. For Payoneer, the move could strengthen its infrastructure for handling client funds and settlement flows, particularly as regulatory expectations tighten around payments and digital asset services.