AEON, the cryptocurrency payment framework, has expanded its Web3 mobile payment solution, AEON Pay, into the Nigerian market.
AEON Pay now enables users in Nigeria to conduct transactions with local merchants by integrating support for local bank transfers within its Telegram miniapp and decentralised applications (dApps).
It allows Nigerian consumers to make purchases in Naira (NGN) with their preferred cryptocurrency and wallet for payment, eliminating the need for manual cash-outs or the use of centralised exchanges.
AEON Pay will oversee the conversion of digital assets and initiating a bank transfer to the merchant’s account.
The service is compatible with the Nigeria Inter-Bank Settlement System (NIBSS), which provides the infrastructure for interbank settlements and digital payments.
AEON Pay is accessible through various platforms, including Telegram MiniApps, wallet dApps, and crypto exchanges.
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By GlobalDataAEON has now reached beyond its initial focus in Asia, with future plans to adapt to financial systems in Latin America.
“This launch signals AEON’s official entry into Africa”, the company said in a statement.
In November last year, AEON introduced an authorisation payment feature on the TON blockchain to enhance the utility of blockchain technology in everyday financial activities.
AEON’s payment protocol is designed to set a new standard for crypto payments by linking Web3 infrastructure with conventional applications.
