Payoneer, a global payments company, entered partnerships in Latin America with three of the region's largest freelance marketplaces, Nubelo, Workana and Adtriboo.
The marketplaces connect bloggers, designers, translators, app developers, computer programmers and other content freelancers to companies throughout the world.
"As we connect the best freelance Latin American talent with employers and projects that need them in the U.S. and elsewhere around the globe, Payoneer dramatically decreases the complexity for us to pay our remote talent throughout the region," says Tomás O'Farrell, cofounder of Workana, in a June 27 press release. "I know that once a project is done, payment will happen quickly and with minimal hassle for the payer or payee, no matter the size of the project or the location of the freelancer."
Payoneer's "one-stop" payment system offers international checks, prepaid debit cards, bank transfers and global and local digital wallets. Payoneer handles payments in more than 200 countries and provides customer support in 35 languages.
Online work represents a $1 billion category that's projected to double by 2014, according to the Annual Impact Report from Elance, an online work platform. And by 2018, about $5 billion in freelance payments per year will be created by the startup economy, reports an Economist article published June 1.
"Payoneer is committed to powering the freelance marketplaces and empowering freelance workers all over the world to participate in the global economy," says Scott Galit, CEO of Payoneer, in the release.