Binance Pay, the cryptocurrency payment arm of the world’s largest exchange, will expand its QR-code payment network to more than 10 additional countries by the third quarter of 2026. The announcement follows a robust first year in which the service processed $40 million in QR-based transfers across six existing markets in Latin America and the Asia Pacific region. Since its launch in 2021, Binance Pay has accumulated over $280 billion in total transaction volume.
The expansion strategy focuses on integration with existing local QR payment standards rather than building new point-of-sale infrastructure. This approach allows merchants to accept crypto payments without additional hardware and enables users to pay directly through the Binance app at the prevailing exchange rate, with no fees. The platform currently operates in countries including Vietnam, where international tourists use the VietQR system to make purchases averaging less than $10—covering street food, transport, and retail items.
Momentum is accelerating: Between February and March 2026, QR transfer volumes grew by 23%, followed by a further 13% increase from March to April. Binance executives see the milestone as validation of crypto’s role in everyday commerce. “Our goal of expanding to at least 10 countries by Q3 2026 and exploring other regions reflects the scale of the opportunity ahead,” said Thomas Gregory, Binance’s VP of Payments. With global mobile QR payments projected to hit $8 trillion in 2026, Binance Pay aims to tap into the infrastructure already used at scale by merchants and consumers.
