Bybit has rolled out Bybit Pay in Vietnam and the Philippines, enabling users to utilise 16 cryptocurrencies for transactions.  

The service, effective June, allows both local and international Bybit Pay users to make payments, as well as send and receive funds across retail endpoints. 

Bybit Pay’s integration with AEON facilitates QR code payments in both countries, where AEON Pay is accepted by merchants in urban areas.  

The service adheres to the QR Ph national standard in the Philippines and VietQR in Vietnam, ensuring compliance with state regulations. 

This move builds on Bybit’s existing infrastructure and partnerships.  

The platform is designed to streamline digital payments across various currencies, providing instant payment processing and settlements through its channels. 

Users can conduct transactions by scanning merchant QR codes with the Bybit Pay app, which then generates a payment QR code for user approval.  

Once the merchant scans this code, the transaction is completed.  

In January, Bybit launched Bybit Card QR Pay in Brazil, a feature designed to integrate with the Pix payment system, enabling real-time transfers and lower transaction fees.  

Bybit Pay is accessible to global users who have completed identity verification on the Bybit platform, except for those from Service Restricted Countries or associated with local Bybit entities. 

Established in 2018, Bybit is a cryptocurrency exchange, serving a global user base exceeding 70 million and facilitates the convergence of traditional and decentralised financial systems.