INVESTMENT IN ASSOCIATED COMPANY	12 Months Ended
Dec. 31, 2022
INVESTMENT IN ASSOCIATED COMPANY
INVESTMENT IN ASSOCIATED COMPANY	NOTE 8 – INVESTMENT IN ASSOCIATED COMPANY In July 2019, the Company, through Payoneer Research and Development Ltd., entered into an agreement for the establishment of a joint venture company in the Peoples Republic of China (“PRC”). The objective of the joint venture is to apply for a local payment service provider license in accordance with PRC laws. The Company’s share in the Joint Venture is 46%, with the remaining ownership interest held by Sharon Information Technology Shanghai and Shenzhen BaoLiJie, Ltd. Initial funds in the amount of $6,501 were contributed. The investment in the joint venture is presented as investment in associated company in the Company’s consolidated balance sheets as the Company does not have control over the joint venture.

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-URI http://asc.fasb.org/topic&trid=2196965

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