#Vietnam #Bybit #Hanoi #AEON #Bybit Pay

Bybit Pay Revolutionizes Retail Payments in Southeast Asia

Bybit, known as the world's second-largest cryptocurrency exchange, is set to make waves in Southeast Asia with the launch of its newest feature—Bybit Pay. This initiative allows users to engage in seamless cryptocurrency transactions using Web3 technology, enhancing both convenience and accessibility in retail settings.

Expanding Cryptocurrency Adoption

Starting in June 2025, Bybit Pay aims to cater not only to local Vietnamese and Filipino users but also to international travelers. Bybit is integrating its payment solution with AEON in Vietnam, where this technology will permit QR code payments. AEON Pay is already widely accepted—utilized by over 90% of urban merchants in the country. This development is particularly significant given that Southeast Asia boasts a tech-savvy population exceeding 600 million people, a considerable portion of which is comprised of the digitally-savvy Generation Z.

In the Philippines, Bybit Pay will support the national QR code standards—QR Ph—and VietQR in Vietnam, adhering to government regulations and safety protocols. This commitment to compliance ensures that Bybit users can conduct transactions with confidence, knowing that their payments are protected and efficient.

How Bybit Pay Works

The process for using Bybit Pay is straightforward:
1. Users can scan the merchant's QR code via the Bybit Pay app.
2. The app generates a unique payment QR code that requires user approval.
3. The merchant then scans the approved QR code to complete the transaction.

This user-friendly approach makes it easier to bridge the gap between cryptocurrencies and everyday spending, which is vital as merchants and consumers increasingly lean towards contactless payment methods.

A Promising Market for Digital Payments

Research indicates that contactless payment methods are quickly becoming the preferred choice for many consumers in the region. In fact, a study revealed that 40% of merchants in the Philippines anticipate this trend to continue, while 36% of Vietnamese merchants are also noting a rise in the usage of mobile wallets. Bybit Pay aims to address this growing demand by providing an integrated payment solution that enhances the retail experience.

To celebrate the launch of Bybit Pay, Bybit is running a promotional campaign until June 30, 2025. Users who transact at least $5 using VietQR and QR Ph will receive a cashback incentive in Bitcoin. However, it’s important for users to familiarize themselves with the eligibility criteria and terms that apply to this offer. Users can find detailed information on Bybit Pay’s official page.

Commitment to Global Expansion

With Bybit’s infrastructure and partnership network already established, this launch marks a crucial step in the company’s strategy to expand into the Asian market. Bybit allows users who have passed the identity verification process to access its services, while currently not supporting users from designated service-restricted countries. The ongoing efforts reflect Bybit's dedication to making cryptocurrency accessible and beneficial for a wider audience.

About Bybit

Founded in 2018, Bybit has captured the essence of cryptocurrency trading, focusing on decentralization and user inclusion. The platform is celebrated for its security, usability, and commitment to user growth and education. Bybit’s strategic collaborations with leading blockchain protocols enable it to offer integrated services that enhance both user experience and market engagement.

In essence, Bybit Pay doesn't just make payments easier; it represents a step forward in the evolution of Web3 commerce—an approach that interlinks finance, technology, and everyday life. For those eager to explore Bybit Pay and become part of this new payment ecosystem, the future looks promising. Users can learn more about these developments on Bybit's official website and social channels, including Facebook, Instagram, and TikTok.