AEON, a Web3-focused cryptocurrency payment infrastructure, has officially extended its mobile payment service, AEON Pay, into the Nigerian market. This development marks a significant step for the company, which had previously concentrated its efforts in Asia, and now aims to establish a footprint in Africa before expanding further into Latin America.
The introduction of AEON Pay in Nigeria brings a tailored solution to local users by supporting seamless transactions with domestic merchants. The platform has integrated local bank transfer functionality into its Telegram MiniApp and other decentralized applications (dApps), allowing users to purchase goods and services in Nigerian Naira (NGN) using cryptocurrency. This setup eliminates the need for intermediaries such as centralized exchanges or manual off-ramps, offering a more streamlined and decentralized payment experience.
Local Bank Integration and Instant Settlements
At the core of AEON Pay’s Nigerian launch is its compatibility with the Nigeria Inter-Bank Settlement System (NIBSS), which serves as the central hub for the country’s interbank transactions and digital payments. By connecting with this infrastructure, AEON Pay can convert users’ digital assets into fiat and initiate direct bank transfers to merchant accounts without requiring users to manually convert their holdings or rely on custodial platforms.
The payment solution is accessible through multiple digital channels, including Telegram MiniApps, wallet-based dApps, and integrated crypto exchange applications. This multi-platform approach increases user flexibility and aims to boost adoption by meeting users where they already operate.
Reducing Friction in Web3 Commerce
AEON’s entry into Nigeria is positioned as more than a geographic expansion. It represents the company’s broader mission to merge blockchain-based technologies with traditional financial systems. By enabling crypto-to-fiat payments at the point of sale, AEON Pay is working to reduce friction for both users and merchants who wish to engage in Web3 commerce without the complexity often associated with blockchain transactions.
The company’s payment protocol is designed to serve as a link between decentralized finance (DeFi) infrastructure and everyday financial activities. AEON has previously rolled out an authorization-based payment feature on the TON blockchain to enhance usability, aiming to make digital currencies function more like traditional payment instruments in routine consumer settings.
🇳🇬 #AEON Pay goes live in Nigeria!
Pay merchants in NGN directly from your crypto wallet—just enter the amount, pick your crypto, and send, with funds settled directly into merchant bank accounts.💳
Start paying smarter: https://t.co/eu7BctuTpVhttps://t.co/TRNN3l7tg2
— AEON.XYZ (@AEON_Community) July 9, 2025
Africa as a Strategic Growth Frontier
With this move, AEON has formally declared its operational presence in Africa. The company views the region as a strategic market due to the increasing demand for financial inclusion and innovative digital payment solutions. The success of AEON Pay in Nigeria is expected to serve as a model for future deployments in other emerging markets with similar financial ecosystems.
The company’s roadmap also includes ambitions to localize AEON Pay for Latin American markets, signaling its intent to become a global facilitator of Web3 payments. By adapting its services to meet regional regulatory frameworks and payment infrastructures, AEON seeks to position itself as a versatile and scalable payment solution in the evolving digital economy.
In aligning crypto transactions with local banking networks, AEON is not only enhancing the utility of digital assets but also redefining how consumers interact with decentralized financial tools in real-world scenarios.