There's no denying that globalization is here, allowing companies and individuals the ability to buy and sell their goods, regardless of their physical location. Where online transactions were once hindered by questions of security and issues regarding ease of payment for deals made across international borders, today companies and individuals use the Internet regularly,anywhere, any time. In order for international trade over the Internet to succeed, quite a few issues had to be dealt with. Initially, most of the attention was given to solving security problems, and rightly so. But security (secure payments and transfers) wasn’t the only issue. The question of multiple currency transactions also came into play. 

Enter Yuval Tal, founder and president of Payoneer, a company that facilitates fast, hassle-free, low cost international, multiple currency transactions. Payoneer is not Tal’s first entry in the field. At the time when online businesses were still testing the waters, eager to discover the extent that the Internet could be used for business, Tal set his sights on developing systems that would allow for secure transactions, as well as cross currency transactions. He has been involved with technology based companies and startup companies for over two decades.

After finishing university, (don’t think we should use this word)with a BSc in mechanical engineering and a MSc in biomedical engineering from Tel Aviv University, Tal found himself pulled into the booming high-tech industry, and started working with companies that focused on Internet business solutions. He held senior positions at both R-U-Sure, Ltd., a comparison shopping business for online shoppers, and Radware, Ltd., a respected company in the application delivery arena.

In 1999 Tal co-founded his first start-up, E4X, Inc. (now called FiftyOne). The company’s platform allows companies with global aspirations to complete business transactions in nearly 100 countries around the world.

Payoneer, which was founded in 2005, is Tal’s latest successful endeavor. With Payoneer, customers use prepaid debitcards to conduct transactions, thus confidential financial information does not have to enter into the exchange.

Other Information:

Yuval Tal- The Blog

Yuval Tal On Lookuppage

Yuval Tal- Sport and Business