Key Points

  • Since 2021, Binance Pay has processed over $280 billion in transaction volume, proving the scalability of cryptocurrency payments globally, including $40 million in QR payment transactions processed within just one year across six countries.

  • Binance Pay is integrating with local QR payment infrastructure, aligning with existing consumer behavior, allowing international visitors in Vietnam to make payments using Binance Pay QR codes, and enabling Latin American users to transact across supported countries in the region.

  • Currently, Binance Pay QR codes have launched in six markets, with plans to expand to 10+ countries by Q3 2026. This expansion is pushing cryptocurrency payments into the mainstream, becoming a tool with everyday practicality.

Nowadays, swiping cards or scanning QR codes has become a daily habit in many parts of the world. By integrating these established payment habits, Binance Pay is bringing cryptocurrency into everyday life in a familiar, intuitive, and immediate way.

Since 2021, Binance Pay has processed over $280 billion in transaction volume—clearly demonstrating its relevance in the real world and its increasingly important role in global payments. Based on this scale, we plan to expand the integration of Binance Pay's QR code with local QR payment networks to at least 10 new markets this year, aiming to make using cryptocurrency as easy and convenient as any other payment method, completing transactions with a single scan.

Bridging the market gap

Global users have surpassed 700 million, with over 315 million Binance users, and cryptocurrency adoption has reached a significant scale. Meanwhile, retail cryptocurrency transactions are projected to grow over 125% year-on-year by 2025, reflecting a clear and growing demand for 'real spending' of digital assets (not just holding or trading).

The lagging factor is the infrastructure. Traditional cross-border payments still face delays, fees, and fragmented processes. For cryptocurrency users, converting assets into consumable value often requires multiple steps—from transferring to exchanging to cashing out—each step adding friction. These limitations stand in stark contrast to the speed and flexibility that digital assets should provide.

With the integration of Binance Pay and local QR networks, this gap is being bridged. Users can directly use cryptocurrency for consumption by simply scanning, including at small merchants, with processes aligned with modern payment methods. No need to cash out first or go through extra exchange steps—cryptocurrency can directly enter everyday consumption scenarios, offering a natural and easy-to-use experience.

Integration with existing local QR networks

QR code payments have become one of the most widely adopted payment methods globally. In various markets, scanning payments have been integrated into people's daily lives. By 2026, the global mobile QR payment market is expected to reach $8 trillion, with the Asia-Pacific region accounting for more than half.

The simplicity, low cost, and widespread adoption of QR code payments make them particularly popular among small merchants that cannot afford the extra fees of traditional card networks. For users, the experience is equally excellent: scanning to pay is often faster and more convenient than digging out cash.

Building on this existing foundation, Binance Pay is enabling cryptocurrency payments within the same QR process. By integrating with local QR standards, users can pay with cryptocurrency at their favorite merchants without the need for additional hardware on the merchant side.

In this sense, using cryptocurrency for payments becomes the next natural step from fiat payments. In just one year, Binance Pay has processed over $40 million in QR payment transactions across six countries/regions, proving the effectiveness of this model and laying a solid foundation for further expansion and reaching the next wave of users.

From Latin America to Asia

This journey began in May 2025 in Latin America, where Binance Pay gradually rolled out QR code payments. Locally, payments began to integrate into everyday consumption, being used in familiar scenarios with large retailers. Registered users in Latin America can scan local QR codes and use cryptocurrency for payments while traveling between supported countries/regions, making cross-border payments more convenient.

The expansion to Asia brings different dimensions of application. In Vietnam, users can scan VietQR to make payments, allowing international visitors to use familiar local QR codes and seamlessly pay with cryptocurrency, showcasing how the same infrastructure can support both local adoption and cross-border flow.

By providing real-time settlement and waiving transaction fees, Binance Pay eliminates many traditional barriers associated with cross-border payments. In practice, this means that when international travelers arrive in Vietnam and walk into a café, they can complete payment by simply scanning the merchant's QR code with the Binance app, without needing to carry local cash or worry about exchange rates or ATM withdrawals.

The usage patterns are similarly telling. The median transaction amount for Vietnamese tourists is below $10, reflecting that their spending is primarily on small, high-frequency purchases such as dining, coffee, or convenience stores, similar to everyday cash or card expenses.

Since its launch, Binance Pay's QR network integration has processed $40 million in transactions, with a month-on-month growth of 13% from March to April 2026. This indicates a stable and practical trend in its usage, rather than a one-time trial.

Accelerating cryptocurrency payments to become the new norm

We believe that cryptocurrency should always serve as a medium of exchange. Through Binance Pay's QR payment solution, our goal is to provide users with a consistent and reliable experience, ensuring that the payment journey remains familiar even in unfamiliar environments. Based on this, we plan to scale it up and aim to expand to at least 10 countries/regions by the third quarter of 2026—covering more areas beyond Asia and Latin America.

How to use Binance Pay for QR payments?

  1. Open the Binance app.

  2. Tap the 【Scan】 icon in the top right corner of the home page to open the scanner.

  1. Scan the merchant's QR code.

  1. When prompted, just enter the payment amount and choose the cryptocurrency you want to use for the transaction.

  1. Confirm the trade in the app. Binance will automatically convert your cryptocurrency at the current market rate when you make the payment. For more info, please click here.

Summary

As cryptocurrency adoption rises and payment infrastructure continues to merge, digital assets are increasingly proving their everyday utility. With Binance Pay's QR code payments, value can flow instantly and globally, without unnecessary friction. We believe that with Binance Pay's QR code, payments can be completed with a single scan, bringing cryptocurrency closer to what it was meant to be—not just an asset to hold, but a tool to use.

Further Reading

Please note: There may be discrepancies between the original English content and the translated version (the translation may be generated by AI). For any differences, please refer to the English version for the most up-to-date or accurate information.