AEON, a crypto payment framework, has introduced its new Scan-to-Pay feature in Brazil through its Web3 mobile payment solution, AEON Pay.

The service enables Brazilian users to scan merchants’ PIX QR codes and complete purchases using crypto assets, with AEON automatically settling payments to merchants in Brazilian real (BRL) via PIX, the country’s instant payment network.

The integration allows users in Brazil to pay at any merchant that accepts PIX QR codes.

At checkout, customers can choose their preferred cryptocurrency and wallet, whether through direct crypto transfer, AEON wallet balance, or other payment options such as Binance Wallet, Bitget Wallet, KuCoin Pay, or Bybit Pay.

PIX is Brazil’s most widely used payment method, adopted by more than 76% of the population and surpassing both cash and cards.

In 2024, the system processed over 68 billion transactions, underscoring its central role in the country’s financial system.

By linking crypto payments with PIX, AEON aims to align digital asset use with established local spending habits.

Conventional crypto-to-fiat payment rails often rely on card networks such as Visa or Mastercard, which can involve foreign exchange mark-ups and fees reaching up to 15%.

AEON Pay uses PIX to reduce these costs, with effective transaction fees reported at around 0.8%.

For merchants, payments are settled instantly in BRL without the need to hold crypto or install point-of-sale hardware.

According to AEON, the company does not charge merchants for this service, while benefiting from PIX’s low cost and reliability.

Featured image credit: Edited by Fintech News America, based on image by freepik