Expanded Payment Options for Chilean Merchants
AEON has recently enhanced its payment services by adding support for bank transfers in Chilean pesos. This advancement enables users to conveniently purchase products from local merchants using cryptocurrency via AEON Pay.
During transactions, shoppers can specify the amount in pesos, choose their desired cryptocurrency, and utilize their preferred wallet. AEON facilitates the conversion of crypto into Chilean pesos and manages the local bank transfer to the merchant, thereby merging digital currency utilization with Chile’s everyday banking practices.
The Role of Bank Transfers in E-commerce
In Chile’s e-commerce landscape, bank transfers play a crucial role, especially for significant purchases. Many consumers favor established banks like Banco de Chile, Santander, and BancoEstado due to their trustworthiness and security. AEON highlights that this preference demonstrates the reliability of local banking, establishing bank transfers as a valuable bridge between cryptocurrencies and traditional commerce.
With its latest integration, AEON broadens its influence in Latin America, already serving nations such as Brazil, Mexico, Argentina, Peru, Bolivia, and Colombia, in addition to markets across Southeast Asia and Africa. AEON Pay is accessible through various platforms, including Telegram Mini Apps and partnerships with wallets and exchanges like Binance Wallet, Bitget Wallet, and others. The company claims its network encompasses over 50 million merchants and more than 10,000 global brands.
Linking AI with Local Financial Systems
AEON's provision of local bank transfers is framed as a vital connection between its settlement layer and the physical world’s financial infrastructure. As artificial intelligence evolves from merely suggesting purchases to executing them, the ability to make actual transactions becomes integral to AI-driven commerce.
By allowing crypto assets to be converted and payments settled through local bank transfers, AEON empowers AI agents to utilize digital currencies while finalizing sales in the merchant’s native currency and banking setup—without requiring these agents to comprehend the complexities of the local financial system.
AEON emphasizes that each additional local payment method amplifies the accessibility of AI agents into physical retail. The firm is committed to continuing its expansion by establishing connections with local bank networks across Latin America, Africa, and Southeast Asia. With over USD 600 million processed and more than 2.6 million active users, AEON integrates various standards, including x402, ERC-8004, MCP, and Google’s A2A protocol, benefiting merchants by enabling peso payments through familiar bank transfers without the need for direct crypto handling.
