Stablecoin payment infrastructure provider SQRIL has expanded its QR code payments network into Central Asia, adding support for Uzbekistan, Kazakhstan, and Kyrgyzstan.
The expansion brings SQRIL’s payment network to 14 countries across Asia, Africa, and Latin America. The company provides an API that enables crypto exchanges, digital wallets, and neobanks to facilitate retail payments by converting stablecoins into local currency transactions over domestic QR code payment networks.
SQRIL said the service is designed as an alternative to crypto-linked payment cards, allowing users to pay merchants directly through QR codes instead of traditional card networks. The company said the platform settles stablecoin transactions through local instant payment systems.
According to SQRIL, the expansion gives partner financial apps access to existing national QR payment networks, which are widely used for retail payments in many emerging markets. The company also plans to add Indonesia, Malaysia, Nigeria, Ghana, Uganda, and Paraguay to its network.
SQRIL launched its QR code payments platform to connect stablecoin wallets with domestic QR payment systems used across emerging markets.
Before entering Central Asia, the company had expanded into Southeast Asia, including the Philippines, Vietnam, Thailand, and Cambodia, as well as Kenya, Tanzania, South Africa, and several Latin American markets.
The company said Indonesia, Malaysia, Nigeria, Ghana, Uganda, and Paraguay are among the next markets planned for rollout, further extending its coverage across emerging economies.
