AEON Pay Introduces Crypto Scan-to-Pay with PIX QR Code in Brazil

In an exciting development for digital payments, AEON Pay has launched its innovative Scan-to-Pay feature in Brazil. This addition to their Web3 mobile payment solution allows Brazilian users to make purchases using cryptocurrency by simply scanning merchants' PIX QR codes. The transactions are seamlessly settled in Brazilian Real, thanks to PIX, the country's leading instant payment network.

The Benefits of PIX Integration

PIX has become the predominant payment method in Brazil, surpassing both cash and credit cards, and is used by over 76% of the population. In 2024 alone, PIX facilitated more than 68 billion transactions, underscoring its integral role in Brazil’s financial ecosystem. By integrating crypto payments with PIX, AEON Pay offers users a seamless and familiar transaction experience, combining the benefits of digital assets with the ease of local spending.

Unlike traditional crypto-to-fiat payment systems that often leverage card networks like Visa or Mastercard, which can impose high foreign exchange fees (sometimes up to 15%), AEON Pay utilizes PIX to offer much more affordable transaction costs, typically around 0.8%. This significant reduction in fees benefits both users and merchants, making crypto payments more accessible and cost-effective.

Merchant Advantages

For merchants, AEON Pay simplifies the adoption of crypto payments by eliminating the need for complex infrastructure or handling volatile cryptocurrencies. Payments are instantly settled into Brazilian Real with the reliability and low costs associated with PIX. Additionally, AEON does not charge merchants for using this service, effectively opening new revenue streams without incurring additional expenses.

AEON Pay's Role in Crypto Adoption

Recognized for its pioneering efforts in bridging crypto with real-world payments, AEON has quickly established itself as a leader in the field. By operating the largest crypto payment settlement network that utilizes QR code generator technology and bank transfers, AEON connects digital assets with existing financial systems in an efficient and scalable manner.

Currently, AEON Pay supports seamless Web3 transactions across more than 20 million merchants and over 10,000 global brands in countries like Vietnam, the Philippines, Nigeria, Mexico, and Brazil. Notable brands such as McDonald's, Pizza Hut, and UNIQLO are among those that accept AEON Pay, showcasing the widespread acceptance and practicality of their system. With this new expansion into Brazil and a strategic focus on Latin America, AEON continues to drive the integration of crypto into everyday life.

Looking Ahead

The introduction of AEON Pay’s Scan-to-Pay feature in Brazil marks a significant step forward in the fusion of cryptocurrency with local payment methods. As more merchants and users in Brazil adopt this technology, the landscape of financial transactions in the region is poised for transformation. By offering a cost-effective, user-friendly, and reliable solution, AEON Pay not only enhances the payment experience but also paves the way for broader crypto adoption.

As AEON Pay expands its reach, the impact of this innovative payment system will likely extend beyond Brazil, influencing markets and setting new standards for digital financial transactions worldwide. Whether you're a merchant looking to diversify payment options or a consumer eager to leverage the advantages of crypto, AEON Pay is setting the stage for a more inclusive and flexible financial future.