Binance Partners with Zapper to Expand Merchant Network in South Africa

According to Binance, its integration with Zapper allows South Africans to spend crypto at national retailers, expanding its global merchant network beyond 63,000 businesses.

Summary

Binance Pay has integrated with South African payment processor Zapper, enabling cryptocurrency payments at over 31,000 merchants, including KFC, Dis-Chem, and Total service stations. This partnership expands Binance’s global merchant network to more than 63,000, with the platform reporting over 300 million transactions processed to date. Binance and Zapper are incentivizing early adoption through a 50 percent cashback promotion to encourage consumer uptake of crypto payments.

Terms & Concepts
  • Binance Pay: A contactless cryptocurrency payment feature on the Binance app that lets users send, receive, and spend crypto across supported merchants.
  • Zapper: A South African payment processor that provides QR code-based payment solutions, now enabling crypto payments via Binance Pay.
  • Merchant Network: A group of retailers or businesses that accept specific payment methods, here expanded to support cryptocurrency transactions through Binance Pay and Zapper.