AEON Pay Now Supports Crypto Checkout in Nigeria with Local Bank Transfer to Merchants

The launch of Aeon Pay Crypto Checkout Nigeria is a big step towards making cryptocurrency more accessible in Africa. Nigerian businesses can now accept cryptocurrency from customers and get naira directly through local bank transfer integration. This makes it easier for businesses to convert currency and gives them more payment options.

With this new integration, Nigerian users can now shop at participating merchants, input an amount in Naira (NGN), and choose their preferred crypto and wallet to complete the payment. AEON Pay automatically handles the asset conversion and initiates a local bank transfer to the merchant—offering a user experience that blends the power 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, ensuring nationwide coverage and reliable local settlement, which marks a significant milestone in enabling real-world crypto utilities through local payment infrastructure.

Why Bank Transfers in Nigeria?

Bank transfers are one of the most trusted and widely used payment methods in Nigeria. According to NIBSS, bank transfers accounted for over 70% of all digital payments in the country in 2023, overtaking card payments and mobile money. With millions of Nigerians relying on bank accounts as their primary payment rail, integrating this system was essential to meet local user behavior and expectations.

By tapping into the existing bank infrastructure through NIBSS, AEON Pay makes crypto feel as intuitive as cash. Whether shopping, dining, or accessing local services, users can now experience real-world crypto utility in a familiar and accessible way.

AEON’s Expansion into Africa

This launch signals AEON’s official entry into Africa, a region with rapidly growing crypto adoption and strong demand for practical utility. Nigeria, often referred to as Africa’s crypto hub, consistently ranks among the top countries for crypto usage globally (Chainalysis, 2023). The country’s combination of digital-savvy youth, mobile-first infrastructure, and underbanked populations makes it a key entry point for meaningful Web3 utility.

AEON’s mission to bring crypto into daily life now extends beyond Asia, with LATAM 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 across 20 million+ merchants and 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 newly added Nigeria bank payment option is fully integrated into this flow, allowing for:

• Spend crypto directly in NGN: Real-time NGN price input, no need to cash out manually or use centralized exchanges.
• Support local merchants: From small shops to large businesses, payments go straight and instant to Nigerian bank accounts.
• 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 where users already are.

AEON is committed to building 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 marks an entry into a new market, and 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.

With the Aeon Pay Crypto Checkout Nigeria solution now live, the company is making it easier for more people to use merchant crypto payments by building localised, bank-connected infrastructure.