Binance Expands Global Fiat Access with BPay Global for USD Transactions

Binance has launched direct USD deposits and withdrawals through BPay Global, a regulated company within the Binance Group licensed by the Central Bank of Bahrain. This feature, announced on October 22, 2025, is available to users in over 70 countries, enhancing Binance's global fiat infrastructure and simplifying transitions between traditional finance and cryptocurrencies.

The service supports both retail and corporate users, allowing deposits and withdrawals via SWIFT bank transfers, credit and debit cards, Apple Pay, and Google Pay. Notably, SWIFT-based USD deposits incur no transaction fees, enabling faster and more cost-effective transactions. Users can store USD in regulated e-wallets for direct use on the Binance platform, facilitating seamless conversions, trading, or holding of funds.

Thomas Gregory, Binance's Vice President of Fiat, emphasized that this update addresses global demand for better fiat on- and off-ramps without compromising security or compliance standards. He stated, "We meet global demand for better fiat ramps without compromising security or standards," reflecting Binance's broader effort to lower entry barriers worldwide. The launch is part of Binance's compliance strategy, partnering with regulated entities to ensure trust and reliability.

In related developments, Binance has partnered with Japan's PayPay to enable crypto purchases using PayPay Money and integrated Plume Network for gas-free transactions on tokenized real-world assets. These steps support Binance's long-term goal of merging daily finance with digital assets, reinforcing its global payment network expansion.