HONG KONG, July 11, 2025 — AEON, a next-generation cryptocurrency payment framework, has announced the expansion of its Web3 mobile payment solution, AEON Pay, into Nigeria. AEON Pay now facilitates local bank transfers in Nigeria through its Telegram miniapp and dApps, enabling seamless Web3-powered crypto payments that are directed to merchant bank accounts.
With this new integration, Nigerian users can now make purchases at participating merchants, input an amount in Naira (NGN), and select their preferred crypto and wallet to complete the transaction. AEON Pay automatically manages the asset conversion and initiates a local bank transfer to the merchant, offering a user experience that combines the capabilities of crypto with the familiarity of mobile banking.
This feature is compatible with all banks supported by the Nigeria Inter-Bank Settlement System (NIBSS), a central financial infrastructure institution that facilitates interbank settlements and digital payments across Nigeria. This ensures nationwide coverage and reliable local settlements, marking a significant achievement in enabling real-world crypto utility through existing local payment infrastructure.
Why Bank Transfers in Nigeria?
Bank transfers are one of the most trusted and widely adopted payment methods in Nigeria. According to NIBSS, bank transfers constituted over 70% of all digital payments in the country in 2023, surpassing both card payments and mobile money. Integrating this system was essential to meet local user behavior and expectations, as millions of Nigerians rely on bank accounts as their primary payment rail.
By leveraging the existing bank infrastructure via NIBSS, AEON Pay aims to make crypto usage feel as intuitive as cash. Whether for shopping, dining, or accessing local services, users can now experience real-world crypto utility in a familiar and accessible manner.
AEON’s Expansion into Africa
This launch signifies AEON’s official entry into Africa, a region experiencing rapid crypto adoption and strong demand for practical utility. Nigeria, often referred to as Africa’s crypto hub, consistently ranks among the top countries globally for crypto usage (). The country’s combination of digitally-savvy youth, mobile-first infrastructure, and underbanked populations makes it a key entry point for meaningful Web3 utility.
AEON’s mission to integrate crypto into daily life now extends beyond Asia, with Latin American integrations also on the horizon. By adapting to local financial rails like bank transfers in Nigeria, AEON ensures its technology remains both innovative and inclusive.
A Seamless Web3 Mobile Payment Experience
AEON Pay, the Web3 mobile payment product by AEON, is accessible through Telegram MiniApps, leading wallet dApps, and popular crypto exchange platforms. Already available to over 20 million merchants and more than 10,000 global brands in Southeast Asia, including McDonald’s, Pizza Hut, and UNIQLO, AEON Pay brings scan-to-pay and bank-transfer payment flows into the hands of crypto users.
The recently added Nigeria bank payment option is fully integrated into this flow, allowing for:
- Spend crypto directly in NGN: Real-time NGN price input, eliminating the need for manual cash-outs or centralized exchanges.
- Support local merchants: Payments are transferred directly and instantly to Nigerian bank accounts, benefiting businesses from small shops to large enterprises.
- Familiar UX, powered by Web3: Users enjoy the benefits of crypto with the intuitive simplicity of entering a local amount and confirming with a wallet.
- Access via Telegram, wallets & exchanges: AEON Pay is built to be available where users already are.
AEON is committed to establishing a truly global crypto payment network that adapts to real-world user habits and meets people where they are. By integrating local payment methods like bank transfers in Nigeria, AEON bridges the gap between decentralized finance and everyday commerce. This launch not only marks an entry into a new market but also reflects AEON’s broader mission to make crypto practical, accessible, and usable in the daily lives of people around the world. From Asia to Africa and soon to Latin America, AEON is laying the foundation for a future where crypto payments are as easy and intuitive as any local payment method.
About AEON
AEON is a next-generation crypto payment framework, designed for AI to drive intelligent, automated payments across Web3 and simplify how crypto functions in real life. With omni-chain support, AEON’s AI Payments system enables intelligent agents to manage and automate transactions, payments, subscriptions, and remittances for users.
Featuring offerings such as Web3 Mobile Payment, which allows users to pay with crypto across 10,000 brands at over 20 million retail merchants in SEA, Africa, and Latin America, alongside Online Web3 Payment, Swap Pay, and an expanding suite of AI-integrated payment services, AEON aims to create a future for crypto finance that is intelligent, scalable, and borderless, where AI converges with real life through seamless, scalable payments for the next billion users.
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SOURCE AEON