Binance Pay Expands QR Payment Network to Over 10 Countries

Binance Pay has announced plans to expand its QR payment network to over 10 countries by the end of Q3 2026. This move comes after a successful first year for the product, which processed over $40 million in transactions since its launch in May 2025. The QR payment feature allows users to scan local QR codes to make real-time crypto payments with zero transaction fees.

The expansion will target markets across Asia Pacific and Latin America, where Binance Pay can plug into existing national QR payment standards rather than building a new merchant acceptance network from scratch. This approach is expected to reduce friction with regulatory regimes and increase adoption rates. By integrating with local payment systems, Binance aims to connect crypto with everyday life.

The success of the QR payment product has been significant, with monthly volume growing by 23% between February and March 2026, and a further 13% between March and April 2026. According to Thomas Gregory, Vice President of Payments and Fiat at Binance, 'QR payments can help change that by connecting digital assets to payment infrastructure that people already use every day.'