HO CHI MINH CITY, Vietnam, March 18, 2026 /PRNewswire/ -- Pylontech (688063.SH), a global energy storage system provider, has signed a Memorandum of Understanding (MoU) with DAT Group Joint Stock Company, a leading provider of industrial automation and sustainable energy solutions in Vietnam. The agreement outlines a 150MWh energy storage deployment, marking an important step in Pylontech's continued expansion across Southeast Asia.
This collaboration underscores Pylontech's long-term commitment to the Southeast Asia market and reflects its ongoing efforts to support the region's accelerating energy transition.
Vietnam has emerged as one of the fastest-growing energy storage markets in Southeast Asia, driven by increasing demand for renewable energy integration and supportive policies. According to BloombergNEF, the country's energy storage market is expected to maintain an annual growth rate of 25%–30% over the next five years. By 2030, installed capacity is projected to reach approximately 4 GW, with total market value expected to exceed USD 5 billion.
Further supporting this momentum, the implementation of Circular No. 62/2025/TT-BCT on January 26, 2026, introduces a formal two-part tariff mechanism for battery energy storage systems (BESS). This policy is expected to accelerate energy storage adoption in Vietnam and serve as a reference for other Southeast Asian markets.
Pylontech has been an active player in the Vietnamese market for years, establishing strong partnerships and accumulating extensive project experience. Through collaboration with DAT Group, a long-term and trusted local partner, Pylontech aims to further enhance localized deployment capabilities and deliver solutions tailored to the evolving needs of the local energy market.
With vertically integrated R&D capabilities spanning from battery cells to system-level solutions, Pylontech offers a comprehensive product portfolio covering residential, commercial & industrial (C&I), and utility-scale applications. To date, Pylontech has deployed its products and solutions in more than 90 countries and regions, building a solid global track record in energy storage.
More recently, Pylontech is advancing its regional strategy by enhancing product adaptation for Southeast Asia, translating its understanding of local applications and customer needs into more competitive and scenario-ready solutions. The company has delivered multiple projects in Vietnam, the Philippines, and Malaysia, while establishing regional service centers in Vietnam and the Philippines to provide timely and efficient local support.
"We are pleased to deepen our collaboration with DAT Group and further expand our presence in Vietnam," said a spokesperson from Pylontech. "Moving forward, we will continue to leverage our global experience and localized capabilities to support the development of a more resilient and sustainable energy system across the Southeast Asia region."
About DAT Group
DAT Group Joint Stock Company is a leading product provider and solution developer in Vietnam's industrial automation and sustainable energy sectors. With nearly twenty years of experience, DAT has built a robust ecosystem characterized by excellence in culture, strategy, personnel, solutions, and technology. This ecosystem aims to enhance operational efficiency for customers and partners alike.
About Pylontech
Founded in 2009, Pylontech (688063.SH) is a dedicated energy storage system provider that went public on the STAR Market in 2020, becoming the first listed company in China focused on energy storage as its core business. With extensive expertise in electrochemistry, power electronics, and system integration, Pylontech has delivered reliable energy storage products and solutions to the global market, establishing itself as a leading player in the industry. Its products are widely used in various scenarios, including solutions for residential, C&I, grid-side storage, communication base station and data center energy storage, light-duty electric vehicles, battery-swapping and more. Website: https://en.pylontech.com.cn/?lan=en
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Pylontech Advances Southeast Asia Strategy with 150MWh Energy Storage Agreement in Vietnam
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DUBAI, UAE, March 18, 2026 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, has launched Yape QR payments on Bybit Pay in Bolivia, enabling users to make real-world crypto payments online and at local merchants through one of the most popular QR-based payment apps in the country.
Yape QR is already the go-to payment method for millions of Bolivians making everyday purchases. The integration lets Bolivia-based users spend crypto quickly and securely using Yape QR, connecting digital assets with everyday spending. Users scan a QR code just as they normally would — the crypto conversion happens in the background. Bybit Pay supports seamless QR transactions designed to simplify crypto payments while maintaining security and efficiency.
To mark the launch, Bybit Pay is offering promotional rewards for Bolivia users. New users are eligible to get a 50 percent discount coupon for their first Yape QR payment, while existing users can receive cashback ranging from 2 to 10 percent on every Yape QR transaction, depending on applicable terms.
"We are among the first exchanges to launch a crypto payment solution integrated with Yape QR in Bolivia," said Patricio Mesri, Country Manager for Spanish-speaking LATAM at Bybit. "By integrating crypto payments into a widely used QR system, we are enabling real-world usage while moving fast to deliver practical value for everyday transactions."
Yape is one of the most widely used digital wallets in Peru, with more than 15 million active users nationwide. Since entering Bolivia in 2023, the platform has grown quickly to more than 3 million users and a large network of affiliated merchants, making it one of the leading mobile payment apps in the country. Together, Yape serves more than 18 million users across both markets. The company plans to continue expanding in Bolivia, with a long-term goal of reaching around half of the country's population in the coming years.
"This launch demonstrates how crypto payments can integrate seamlessly into existing QR payment rails in LATAM, without changing user behavior," said Federico Goldberg, CEO of Manteca. "By enabling local payment methods at scale, we partner with Bybit to bring digital assets into everyday commerce."
The rollout is part of Bybit's effort to expand practical crypto payment solutions across Latin America, where demand for accessible and real-world digital asset use continues to grow. By enabling Yape QR payments, Bybit Pay aligns with established local payment habits while extending the utility of cryptocurrencies beyond trading.
Bybit Pay is part of Bybit's broader ecosystem for secure, user-friendly crypto transactions for everyday use, reinforcing the company's commitment to global adoption and localized payment innovation across emerging markets.
#Bybit / #CryptoArk
About Bybit
Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 80 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit's Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
DUBAI, UAE, March 18, 2026 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, has launched Yape QR payments on Bybit Pay in Bolivia, enabling users to make real-world crypto payments online and at local merchants through one of the most popular QR-based payment apps in the country.
Yape QR is already the go-to payment method for millions of Bolivians making everyday purchases. The integration lets Bolivia-based users spend crypto quickly and securely using Yape QR, connecting digital assets with everyday spending. Users scan a QR code just as they normally would — the crypto conversion happens in the background. Bybit Pay supports seamless QR transactions designed to simplify crypto payments while maintaining security and efficiency.
To mark the launch, Bybit Pay is offering promotional rewards for Bolivia users. New users are eligible to get a 50 percent discount coupon for their first Yape QR payment, while existing users can receive cashback ranging from 2 to 10 percent on every Yape QR transaction, depending on applicable terms.
"We are among the first exchanges to launch a crypto payment solution integrated with Yape QR in Bolivia," said Patricio Mesri, Country Manager for Spanish-speaking LATAM at Bybit. "By integrating crypto payments into a widely used QR system, we are enabling real-world usage while moving fast to deliver practical value for everyday transactions."
Yape is one of the most widely used digital wallets in Peru, with more than 15 million active users nationwide. Since entering Bolivia in 2023, the platform has grown quickly to more than 3 million users and a large network of affiliated merchants, making it one of the leading mobile payment apps in the country. Together, Yape serves more than 18 million users across both markets. The company plans to continue expanding in Bolivia, with a long-term goal of reaching around half of the country's population in the coming years.
"This launch demonstrates how crypto payments can integrate seamlessly into existing QR payment rails in LATAM, without changing user behavior," said Federico Goldberg, CEO of Manteca. "By enabling local payment methods at scale, we partner with Bybit to bring digital assets into everyday commerce."
The rollout is part of Bybit's effort to expand practical crypto payment solutions across Latin America, where demand for accessible and real-world digital asset use continues to grow. By enabling Yape QR payments, Bybit Pay aligns with established local payment habits while extending the utility of cryptocurrencies beyond trading.
Bybit Pay is part of Bybit's broader ecosystem for secure, user-friendly crypto transactions for everyday use, reinforcing the company's commitment to global adoption and localized payment innovation across emerging markets.
#Bybit / #CryptoArk
About Bybit
Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 80 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit's Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
Bybit Pay Brings Everyday QR Crypto Payments to Bolivia With Yape
