DUBAI, United Arab Emirates, Sept. 07, 2026 (GLOBE NEWSWIRE) -- SQRIL (pronounced squirrel), the leading Scan-to-Pay QR code payment solution for over 35 crypto wallets with a combined 250 million users, is now entering the traditional banking space by supporting banks and neobanks to enable their mobile app users to scan & pay local QR codes across Asia, Africa and Latin America.
SQRIL Founder & CEO Malcolm Weed explains, “any brick & mortar bank with a mobile app, or online-only bank can now integrate with our API and allow their user base to scan & pay local QR codes across emerging markets and pay with their home currency, while SQRIL handles the local fiat payout to the merchant in the destination country – no need to use your credit card or get foreign cash.”
Malcolm continues, “we are at the early stages of instant payment interoperability between banks, wallets, crypto apps and merchants of different countries, and SQRIL is an important part of that cross-border infrastructure. With the rise of national QR code schemes and millions of tourists and remote workers, there needs to be a better way to pay across borders without incurring high credit card fees or international ATM fees.”
Scan-to-pay QR code payments across Asia, Latin America and now Africa are growing in popularity and because of their much lower cost for the person paying and the merchant they have grown in usage.
“Having worked in cross-border payments for the past fourteen years and spending the past ten in crypto, I can confidently say that Scan-to-pay QR code payments will be universal the world over in the coming years. Usually, you see developed world technologies making their way to emerging markets, but this will happen in reverse,” explains Malcolm.
The SQRIL API is now available to pay local QR codes in the Philippines, Vietnam, Indonesia, Brazil, Colombia, Argentina, Bolivia, Peru, Paraguay, Tanzania, Kenya, Uganda and South Africa. With Malaysia, Thailand, Cambodia, Japan, Korea, China, Taiwan and Hong Kong being added before the end of the year.
“We are aiming to be the world's leader in Scan-to-Pay QR code payments, especially as it relates to emerging markets,” remarked Malcolm.
For more information visit our website at sqril.io or email info@sqril.io
