There’s another player in Southeast Asia shaking things up—in a good way. In Vietnam and the Philippines, it is simplifying cryptocurrency payments for everyday purchases. This dynamic new network allows app users to transact quickly and securely with crypto among thousands of retailers. It takes advantage of the increasing adoption of mobile wallets and contactless payment solutions in the area. Bybit Pay is furthering its development with deeper strategic partnerships and the support of national QR code standards. This move positions the platform to be a major player in the Web3 payment space.

The platform already accepts the VietQR national standard in Vietnam, and the QR Ph national standard in the Philippines. Both are authorized by the respective state and in compliance with national industry safety standards. This provides users with the confidence that they can safely and securely transact with Bybit Pay at any merchant that accepts it. Furthermore, Bybit Pay supports multi-cryptocurrency payments. Users can pay with, send and receive in 16 of the most popular cryptocurrencies at retail endpoints and peer to peer. This features combined render it as a great everyday use companion for people wanting to integrate their crypto holdings into their real world purchases.

Meanwhile, in 2024, an impressive 36% of Vietnamese merchants saw customers opting for mobile wallets more frequently. This proves a larger trend toward the adoption of contactless payments. Bybit Pay captures this trend and allows users to make fast and secure payments directly from their mobile devices. This pioneering development addresses the inconvenience of having to carry actual cash or cards. This increases the convenience of their riders and helps meet the growing demand for this service from consumers in these markets.

Bybit Pay and AEON Partnership

Bybit Pay grew its footprint tremendously with the help of AEON. This integration makes Web3 mobile payments possible at 20 million retail merchants/10,000 brands in SEA, Africa and Latin America. This partnership undoubtedly enhances Bybit Pay’s omnichannel capabilities. Now, holders of bitcoin, ethereum and any of the other 200+ supported cryptocurrencies can effortlessly spend their crypto at millions of stores.

Expanded Payment Options

With Bybit Pay’s more extensive payment solution, like Online Web3 Payment, Swap Pay, and AI-connected payment service. These features add to the user-friendliness and versatility of the platform, making it highly adaptable to a wide range of user preferences and learning needs.

How to Use Bybit Pay: A Beginner's Guide

Here’s a simple step-by-step guide to get started:

  1. Launch the Bybit App: First, launch the Bybit App and log in to your account.
  2. Complete Verification: Ensure you have completed your verification.
  3. Access QR Pay: Tap on the QR Pay icon to start.
  4. Scan the QR Code: On the Bybit homepage, tap the QR scanner icon to open the QR scanner for Bybit Pay.
  5. Confirm Payment: Confirm the payment on the Payment Confirmation page.

Bybit Pay features the convenience and security of contactless payments. It’s biometric verification—Face ID or Fingerprint—for authentication. This feature of KYC adds an additional layer of protection to each transaction.

Bybit Pay Benefits and Promotions

To attract users to explore its unique features, Bybit Pay is offering a series of promo campaigns as the ultimate incentives.

  • Instant Tier Upgrades: Bybit Pay allows users to upgrade to the next tier instantly when they reach spending thresholds.
  • Higher Cashback Rates: Users can earn higher cashback rates as they climb up the tier ladder.
  • 50% Cashback on First Transaction: New users can earn 50% cashback on their first transaction from Bybit Pay Marketplace partner stores.
  • $5 Worth of BTC Welcome Bonus: The first 10,000 eligible Bybit Card users will receive a special welcome bonus of $5 worth of BTC for their first $10 transaction.

Cashback Rewards

The cashback in BTC airdrop will be available to eligible users who spend a minimum of $5 through Bybit Pay with VietQR and QR PH. Hurry, this promotion ends June 30, 2025! The Bybit Pay Welcome Airdrop promotion is available from May 26, 2025, 10AM UTC – Jun 27, 2025, 10AM UTC.

Bybit Pay’s laser focus on Southeast Asia positions it as a critical player in the quickly evolving landscape of Web3 payments. With its intuitive design and attractive ongoing welcome offer, it’s different from the pack. Most importantly, it drives forward our mission to empower all users with the tools to integrate cryptocurrency into their everyday lives.