OKX Brings Crypto Payments to South Asia with No Fees
OKX has launched its crypto card in selected South Asian countries, allowing users to spend stablecoins via the Mastercard network. The OKX Card supports USDT, USDC, and USDG as payment currencies, which are automatically converted to local currencies at the moment of purchase.
The platform charges no transaction fees or foreign exchange fees; only a 0.1% market spread applies to conversion. This means users can use their stablecoin balances anywhere Mastercard or Visa is accepted.
The OKX Card works by linking to OKX Pay in the app, with payments processed as follows: the user's OKX Pay account holds USDT, USDC, or USDG; at checkout, OKX converts the stablecoin balance to local currency at the moment of payment; and the merchant receives a standard payment via the Mastercard or Visa network.
The platform applies a 0.1% market spread on conversion, with no additional transaction fees or FX fees from OKX. Stablecoins remain in the user's wallet until the moment of purchase.