Binance Pay witnessed 12 million active users and transaction volume growth of 71%.

retail crypto payments solution by Binance, surged more than 71% year-on-year to surpass $77 billion in 2023, according to a new report. By the end of 2023, the number of active Binance Pay users worldwide jumped nearly 70%, to more than 12 million.

Over the past 12 months, thousands of new merchants have been added to Binance Pay. Together, these merchants create a broad shopping experience, helping to integrate payments for various services with crypto into everyday life.

In 2023, Binance Pay is also launching partnerships with key players in a variety of new industries — both inside and outside the crypto ecosystem — to make crypto transactions more accessible and seamless for everyone.

A notable example is Binance Pay's integration with DeFi wallets, such as Trust Wallet, to simplify and bridge the transfer of billions of dollars in assets.

This service also partners and collaborates with various organizations to facilitate crypto payments to consumers in various areas, including salary disbursement and loyalty rewards disbursement.

Previously, in 2022, Binance Pay held a major promotional campaign for all Shiba Inu (SHIB) holders.

Fans of the second largest meme cryptocurrency can get cashback for their operations. Making crypto payments simplified for beginners and professionals After a big payout year in 2023, this year Binance Pay plans to go even further. Q

the goal is to make paying with crypto as easy as ‘see, click, buy’ — and pave the way for an industry in crypto payments technology.

Jonathan Lim, Global Head of Binance Pay, highlighted the importance of the solution to the global cryptocurrency ecosystem