08 August 2025 | Friday | News
Picture Courtesy | Public Domain
AEON, the next-generation crypto payment framework, is expanding deeper into Latin America with the rollout of its local bank transfer payment feature in Mexico in its Web3 mobile solution AEON Pay. With this new update, AEON Pay users can now shop at offline and online merchants in Mexico and settle their payments seamlessly in pesos (MXN) via local bank transfers—all powered by crypto.
The new feature, called "Pay with Transfer," is now live on AEON Pay, AEON's Web3 mobile payment platform accessible via Telegram MiniApps, wallet dApps, and integrated exchanges. It allows users to enter an amount in MXN, select their preferred crypto and wallet, and complete the payment. AEON will then automatically convert the crypto into fiat and initiate a local bank transfer directly to the merchant's account. In the future, AEON Pay will support scans to pay feature in Mexico, enabling users to complete payment through scanning the merchant QR codes.
The system supports all major Mexican banks, including BBVA México, Banamex, Banorte, and ARCUS, ensuring comprehensive coverage across the country's payment infrastructure.
Bank transfers remain one of the most widely used and trusted payment methods in Mexico. According to data from the Mexican central bank (Banxico) and leading financial regulators, local bank transfers account for a significant share of digital transactions in the country, with millions of users depending on them for both e-commerce and physical retail. By integrating this rail, AEON bridges the gap between the crypto economy and everyday consumer spending habits, making Web3 payments truly accessible and intuitive for the local market.
This launch marks AEON's official entry into the Mexican market and builds on its growing presence across Vietnam, Philippines, and Nigeria, where AEON Pay already supports payments for over 20 million merchants and 10,000+ global brands, including McDonald's, Pizza Hut, and UNIQLO. As AEON sets its sights on broader LATAM expansion, Mexico serves as a critical hub for unlocking real-world crypto adoption at scale.
Fintech Business Asia, a business of FinTech Business Review
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