Bybit Pay Revolutionizes Web3 and Retail Payments in Southeast Asia

DUBAI, UAE, June 15, 2025 - Bybit, the world's second-largest cryptocurrency exchange by trading volume, has taken a significant step forward in the Web3-powered payment landscape with the launch of Bybit Pay in Vietnam and the Philippines. This innovative payment solution aims to bridge the gap between digital currencies and everyday retail transactions, making crypto payments more accessible to both local users and global visitors in these popular Southeast Asian destinations.

Starting this June, users of Bybit Pay can seamlessly pay, send, and receive transactions using 16 major cryptocurrencies across various retail endpoints and between individuals. This move marks a pivotal advancement in integrating cryptocurrency into mainstream financial systems, offering a convenient alternative to traditional payment methods in the region.

One of the standout features of Bybit Pay is its localization efforts through QR code payments. By integrating with AEON, Bybit Pay enables transactions at over 90% of local merchants in urban areas of Vietnam and the Philippines where AEON Pay is accepted. This widespread acceptance is a game-changer for crypto adoption in daily commerce.

Moreover, Bybit Pay aligns with national standards, supporting QR Ph in the Philippines and VietQR in Vietnam. Both frameworks are state-approved and comply with industry safety standards, ensuring secure and reliable transactions for users while fostering trust in digital payment systems.

This initiative not only enhances financial inclusivity but also positions Bybit as a leader in the evolving fintech space in Southeast Asia. By empowering users with the ability to use cryptocurrencies for everyday purchases, Bybit Pay is paving the way for broader acceptance and understanding of digital assets in the region.

As Bybit continues to innovate, the introduction of Bybit Pay underscores the growing importance of Web3 technologies in transforming how we interact with money. This development is expected to inspire further integrations and partnerships, driving the future of retail payments across the globe.