Bybit, the world's second-largest cryptocurrency exchange by trading volume, is pleased to announce a new strategic partnership between Bybit Pay and Idram, Armenia's established financial service provider and digital payment powerhouse. The integration underscores Bybit Pay's unwavering commitment to building crypto's global payment rails through incremental, localized initiatives that bring real-life benefits to digital asset holders.

To mark the official debut of Bybit Pay's collaboration with Idram in Armenia, a launch ceremony will take place on October 22, 2025 in Yerevan, Armenia. Key stakeholders from Bybit and Idram will address fintech partners and the payment community in the region, unveiling their shared commitment to advancing digital payment infrastructure and innovation across the region.

Joining forces to launch comprehensive payment services in Armenia, Bybit Pay and Idram will enable users to make QR code payments in the country at over 25,000 in-store points of sales.  With over 90% in QR payment market share in Armenia, Idram specializes in compliant and innovative digital payment solutions and has been serving the community for over two decades.

For merchants, Idram enables a single-point access within the uniformed market of Eurasian Economic Union countries, home to over 185 million people. International users of Bybit Pay will also get to enjoy a seamless payment experience with just their app when they travel to Armenia.

"Bybit and traditional fintech companies are natural partners. Bybit Pay's expansion to Armenia powered by Idram's network is another step in building our global reach and elevating crypto convenience for our community," said Sophie Chen, Head of Marketing, Payment Business Unit at Bybit. "We are committed to establishing deep, meaningful partnerships that create lasting value for local communities."