Bybit and Idram Collaborate to Enhance Payment Systems in Armenia

Bybit Partners with Idram to Advance Digital Payments in Armenia

In an exciting development for the world of digital finance, Bybit, the second-largest cryptocurrency exchange globally by trading volume, has unveiled a strategic partnership with Idram, a leading financial service provider in Armenia. This collaboration, announced on October 21, 2025, marks a significant step towards the integration of blockchain technology within retail payment systems, bridging the gap between Web3 and everyday transactions.

Launch Ceremony in Yerevan

The official introduction of Bybit Pay's partnership with Idram is set to take place on October 22, 2025, in a launch ceremony in Yerevan, Armenia's capital. This event will see key players from both companies addressing stakeholders and individuals from the fintech community, outlining their shared vision for transforming the region's digital payment landscape.

Empowering Users with QR Code Payments

One of the most notable features of this partnership is the introduction of QR code payments, which will be available at more than 25,000 retail points across Armenia. With Idram holding over 90% of the QR payment market share in the country, users will benefit from a reliable and innovative ecosystem for digital transactions. This collaboration not only simplifies the way transactions are conducted but also enhances the overall user experience by integrating cryptocurrency payments into daily retail activities.

Strengthening International Access

Bybit's partnership with Idram opens the doors to seamless transactions for international users visiting Armenia. Users of the Bybit Pay app can conveniently make payments using their digital assets without fumbling through different payment processes. Sophie Chen, the Head of Marketing for Bybit's Payment Business Unit, commented on the partnership, stating, “Bybit and traditional fintech companies are natural partners. Bybit Pay's expansion to Armenia powered by Idram's network is another step in building our global reach and elevating crypto convenience for our community.”

This collaboration not only facilitates local transactions but also lays the groundwork for foreign visitors who wish to engage with the growing Armenian market, thereby boosting the local economy.

A Win-Win Scenario for All Stakeholders

Arsene Kdenian, CEO of Idram, expressed the significance of this joint effort, noting that it embodies Idram's dedication to innovation. “By integrating our QR system with Bybit Pay, we enable international visitors to make convenient and secure payments while visiting Armenia,” he elaborated. Through this innovative collaboration, both Bybit and Idram aim to propel digital payment solutions and create enduring value for the communities they serve.

How Bybit Pay Works

Using Bybit Pay is a straightforward process:
1. The user scans the merchant's QR code via the Bybit Pay app, selecting the 'QR Pay' option.
2. The app displays a payment confirmation window with transaction details.
3. The user taps 'Confirm' to authorize and complete the payment.

This user-friendly interface exemplifies Bybit's commitment to accessibility and ease of use in adopting cryptocurrency in everyday transactions.

A Bright Future for Bybit and Idram

Bybit continues to expand its commitment to global financial accessibility through innovative partnerships like the one with Idram. Currently, eligibility for Bybit Pay is available to global users who have successfully completed identity verification on the platform. This integration not only serves the local Armenian community but also enhances the experience for visitors from around the world.

The collaboration between Bybit and Idram is a forward-thinking step towards reshaping the future of financial transactions in Armenia, setting a benchmark for what's possible with digital payments in the region and beyond. With excitement surrounding the launch and the promise of what's to come, both entities are poised to unlock new possibilities, making financial transactions more streamlined and inclusive than ever before.

Stay updated on the latest from Bybit by visiting their official page and following them on social media.

For more details about Idram and their services, check out their website, idram.am.