Payoneer to Attend the Direct Selling Association of Malaysia (DSAM) Convention

April 3, 2011 - PRLog -- A global provider of online payment distribution solutions Payoneer will be attending the biennial DSAM Convention 2011 at The Grand Dorsett in Subang Jaya, Selangor, Malaysia next month. The main focus of this year's event is to provide insight to Malaysia's direct selling companies, specifically DSAM members, on the numerous direct selling opportunities and substantial markets beyond Malaysia.

Established in 1978, DSAM is Malaysia's national trade association dedication to the direct selling industry, serving as its representative on a global scale. DSAM is made up of leading single and multi-level marketing direct selling companies, boasting a distributor force of over 3 million people. DSAM is a member of the World Federation of Direct Selling Associations (WFDSA), the federation of national and international Direct Selling Associations (DSAs) that subscribe to ethical business practices. DSAM's objectives are to foster, promote and protect the methods of its members merchandise distribution and services.  

Participation in this global event is an important milestone for US-based Payoneer, allowing them the opportunity to promote their unique offering to a host of market leaders and international direct selling associations. Payoneer's attendance is a significant move to broaden the company's solutions on a global scale and partner with this prestigious group dedicated to building strong alliances outside of Malaysia.

Payoneer provides industry-specific solutions to securely deliver millions of payments to hundreds of thousands of companies and organizations in all four corners of the globe using Prepaid MasterCard® cards. Via Payoneer, customers avoid the delays and heavy costs of standard means of payment that include bank transfers and international checks. The system provides comprehensive online payment that covers the entire payment process - registration, issuance, funding and reporting. This enables thousands of online businesses to affordably and efficiently deliver compensation to their suppliers and partners.

Payoneer was founded in 2005 by Yuval Tal . As company CEO, Tal boasts a colorful track record of over two decades in e-commerce technology, with market-savvy expertise in prepaid systems, money transferring and online security. Prior to establishing Payoneer, Tal and other partners founded E4X, a company that offers services to accelerate international payment via the Web. E4X is recognized for having been one of the initial infrastructure providers of successful e-commerce. Tal transformed the company into a half billion dollar success, which later became the acclaimed FiftyOne, providing online payment services in all four corners of the globe.

Privately held, Payoneer is headquartered in New York with an R&D facility in Tel Aviv, Israel. The company is a registered MasterCard Merchant Service Provider (MSP) and partners with Choice Bank Limited to deliver its services. Payoneers funding partners include Greylock Partners, Carmel Ventures and Crossbar Capital.

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