Key takeaways

  • Thanks to integration with national standards, QR Binance Pay enables international travelers to pay like locals in Argentina, Bolivia, Brazil, Colombia, Peru, the Philippines, and Vietnam—using cryptocurrency, with zero gas fees and no currency exchange.

  • In Argentina, eligible local users can now pay from their fiat or cryptocurrency balance by opening Binance Pay to reach a mass audience that no longer needs to be “crypto-native.”

  • In Argentina, transaction volume has grown by more than 200%, and the 30-day return rate is 70%+, indicating that Binance Pay is becoming an everyday payment habit rather than a novelty.

QR code payments have become familiar in many countries around the world. But not every QR code works the same way. Previously, different banks and wallets used incompatible QR formats, forcing merchants to post a whole wall of separate codes, and users could only pay if they had the specific app each one required.

A nationally compatible QR solves this problem. It’s a single payment standard approved by the country’s central bank or payment regulator and designed to eliminate a common issue — fragmentation. By creating a single compatible standard, it allows anyone to pay to any participating merchant with one scan, regardless of which bank or wallet they use. It’s faster for buyers, simpler for merchants, and that’s why QR has become the default payment method in many countries.

Pay like locals with cryptocurrency in 7 countries

Now Binance Pay brings the same convenience to international travelers. With direct integration into nationally compatible QR infrastructure, Binance Pay lets tourists visiting seven supported countries — Argentina, Bolivia, Brazil, Colombia, Peru, the Philippines, and Vietnam — pay like locals without exchanging local currency. Most recently, Colombia joined the network in July 2026, further expanding Binance Pay’s cross-border reach. Users only need to open the Binance app, scan the nationally compatible QR code, and pay directly in USDT, USDC, BTC, ETH, or 100+ other cryptocurrencies — with zero gas fees.

With Binance Pay, you don’t need to search for an exchange counter, carry cash, or open a local bank account — just open the Binance app, scan the code, and pay. Payments are calculated instantly, with zero gas fees and no hidden conversion charges, making it the easiest way to spend cryptocurrency while traveling.

Binance Pay adds fiat payments — for the first time in Argentina

In addition to crypto payments, eligible local users can now pay using both their fiat and cryptocurrency balances, giving them more flexibility. This was first launched in Argentina, where Binance Pay QR payments were previously crypto-only. Now, the ability to pay with fiat or crypto means Binance Pay works for all users in the mainstream segment—not only those who already hold cryptocurrency.

Any user with an Argentine peso (ARS) balance on Binance can pay local merchants just like they would with any other digital wallet. Now you can top up, grow, and spend funds—and all within the Binance app; other markets are expected to follow.

Same app, same merchants — just more payment options.

200% growth and still growing in Argentina

The results point to clear demand. Since ARS payments launched in Argentina, cryptocurrency still makes up most transactions; however, payments from fiat balances are steadily growing. This is a strong signal that Binance Pay is going beyond “crypto-native” users and becoming an everyday local payment habit for the mass audience.

The momentum is reflected in the numbers: between May and June 2026, payments via national QR codes increased by 11% in transaction count and by 2% in volume. Argentina stood out as one of the key markets, showing growth of more than 200% in transaction count and 150% in volume amid sustained demand. Most tellingly, more than 70% of users returned within 30 days—an unmistakable sign of ongoing repeat demand, not a one-time interest.

How to scan a QR code and pay with Binance Pay

  1. Open the [Scan] feature:

  • Log in to the Binance app and make sure you’ve completed identity verification. Tap the [Scan] icon in the top-right corner of the home page.

  • Or find “Pay” in the search bar and tap [Scan] in the “Functions” section.

  • Or simply press and hold the Binance icon on the home screen and select [Scan].

  1. Scan the supported merchant’s QR code.

  2. Confirm the amount and authorize the payment.

  3. Once 2FA is completed, the payment is processed immediately.

Conclusion

QR payments have quietly become the way the world pays for purchases. Thanks to nationally compatible QR standards, this convenience now knows no bounds. By connecting directly to local QR infrastructure in seven countries, Binance Pay allows travelers to pay like locals from a single app. Early momentum in Argentina — 200% growth and a 70% retention rate — shows that the Binance Pay experience matches real demand.

Binance’s ambitions go far beyond the first seven countries. The goal is to make Binance Pay part of popular travel destinations around the world, so that whether you’re buying street food in Vietnam or grabbing a coffee in Argentina, payment feels effortless and familiar. One scan, one app, anywhere: an unlimited way to pay — wherever the world takes you.

Additional materials

Disclaimer: Prices of digital assets may be volatile. The value of your investments can both decrease and increase, and you may not get back the amount invested. You are solely responsible for your investment decisions, and Binance is not responsible for any losses you may incur. Please top up your wallet and make transactions carefully. Availability of Binance Pay, supported assets, merchants, limits, and features may vary depending on jurisdiction and user eligibility. Conversion rates, spreads, or other applicable fees may apply to transactions. This is not financial advice. For more details, see our Terms of Use, Binance Pay Terms of Use, and Risk Warning.