Payoneer’s ‘Connect’ Event in Surat Showcases City’s Surging Service Export Growth
Surat, (Gujarat) [India] 8th November 2024: Payoneer (NASDAQ: PAYO), the financial technology company empowering the world’s small and medium-sized businesses (SMBs) to transact, do business, and grow globally, hosted the sixth edition of Payoneer VIP Connect, “Going Global – Building a Cross-Border Powerhouse,” in association with the Surat IT Community (SIC) and South Gujarat Innovation & Technology Council (SGITC) at the Sudama Banquet Hall, Surat. The event brought together over 320+Founders, CEOs, CFOs, and Growth Leaders from service export SMBs of the city across multiple domains such as app & web development, IT/ITES solutions, SaaS companies, digital and marketing agencies, creative studios, tax and compliance consultancies to name a few.
Gaurav Shisodia, Vice President – India at Payoneer, said, “As one of India’s fastest-growing service export hubs, Surat is a priority market for us. The city’s enthusiastic startup culture and skilled workforce further enhance its reputation as a regional hub for growth and innovation. Since 2016, Payoneer has nearly doubled its customer base in Surat, increasing it by a compound annual growth rate (CAGR) of 90%, with service exports volume growing by a CAGR of 206% on our platform for SMBs based in Surat from 2016 to 2023. With Gujarat’s micro, small & medium enterprises sector flourishing and over 629,000 new MSMEs established in 2023-24, Payoneer’s initiatives aim to empower SMBs with the knowledge-led sessions and networking opportunities needed to drive global growth.” (Source)
Payoneer empowers SMBs from the city to receive payments from customers worldwide, including those in the US, Canada, Europe, Saudi Arabia, the Middle East and Africa, Australia, New Zealand, Greater China, and other international markets.
(All Data pertains to Payoneer for Surat till 31st December 2023.)
Romit Gabani, Secretary, of Surat IT Community & SGITC, said, “This association with Payoneer aligns perfectly with our goal to transform Surat into a leading IT hub and empowers our mission to unite and empower the IT community in the city, driving innovation and excellence through collaboration, knowledge sharing, and the nurturing of emerging talent.”
The event’s powerful, knowledge-driven sessions included:
The event featured marquee speakers from the city. Sachin Rathi, Founder of Karma CPA, and Siddharth Pandya, Founder of Logix Built, participated in an enlightening panel discussion on global market opportunities and challenges. They shared valuable insights on leveraging multi-entity operations for growth, overcoming cross-border payment hurdles, and global compliances, and implementing effective strategies for finding clients in international markets. Their expertise provided actionable guidance for growth leaders seeking international expansion, sharing best practices learned to successfully navigate the complexities of global markets.
Additionally, industry expert Vatsal Shah, Business Catalyst, Pragmatic Consultancy led a workshop on “Strategy Planning for 2025 and Beyond,” offering actionable insights on IT industry trends, goal setting, and cost management for sustainable B2B growth.
To learn more about Payoneer, please visit the website.
About Payoneer
Payoneer is a financial technology company empowering the world’s small and medium-sized businesses to transact, do business, and grow globally. Payoneer was founded in 2005 with the belief that talent is equally distributed, but opportunity is not. It is our mission to enable any entrepreneur and business anywhere to participate and succeed in an increasingly digital global economy. Since our founding, we have built a global financial stack that removes barriers and simplifies cross-border commerce. We make it easier for millions of SMBs, particularly in emerging markets, to connect to the global economy, pay and get paid, manage their funds across multiple currencies, and grow their businesses.
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