Binance has formed a partnership with WellxPay, a payment service. WellxPay is a payments provider and Binance is the world’s largest crypto exchange. According to WellxPay the partnership will “revolutionize” the way crypto traders in India and Bangladesh engage in crypto transactions.
Binance will utilize the WellxPay payment gateway to facilitate transactions for its peer-to-peer (P2P) traders in Bangladesh and Indian regions.
Binance will integrate with Bangladesh payment methods like bkash, Nagad, Rocket, and Upay, enabling users to buy and sell cryptocurrencies within the Binance platform.
For traders in India, Binance will use the WellxPay payment gateway to support UPI QR codes, IMPS bank transfers, and India KYC services.
By incorporating local payment methods into the Binance platform, traders may more easily convert fiat currency into crypto and vice versa.
A Binance representative said they are excited to partner with WellxPay and that they will be able to provide a more streamlined service for users in the region.