Fiat-crypto gateway, Alchemy Pay, has announced its partnership with Indonesian fintech firm, PT Berkah Digital Pembayaran, to jointly obtain Indonesian licenses issued by the Central Bank of Indonesia to operate remittances and fund transfers.
Alchemy Pay’s plans
The licenses will boost the ability of the entities to payout to end-users and clients across Asia while reducing operating costs of their payment services.
PT Berkah Digital Pembayaran operates from Indonesia in the field of financial technology and is known primarily for BDPay, a solution that helps clients to transfer to multiple accounts and electronic money at a lower price than conventional methods, providing a virtual account for the top-up method.
Launched in 2021, BDPay enables personal transfers (payment acceptance) and corporate transfers (payments). It also offers clients payroll services and transfers via API.
Certified by ISO/IEC 27001:2013, it directly connects with bank APIs, making it easy to transfer to 136 banks in Indonesia. It facilitates same-day transfers and has developed support for community needs with agents distributed across Indonesia.
Cryptocurrency accessibility for emerging markets
Singapore-based Alchemy Pay is known for its provision of on & off-ramps, crypto payments, and NFT checkout to Web3 platforms.
The company’s on-ramp supports Mastercard, Visa, Google Pay, Apple Pay, and multiple regional mobile wallets and domestic transfers in 173 countries to allow users to purchase crypto quickly, easily, and securely using their fiat currency funds.
The Singapore-based fiat-crypto payment gateway is taking cryptocurrency accessibility to the next level with direct-to-customer services with its on & off-ramp and NFT checkout.
The platform’s ramp payment solutions have been integrated by numerous Web3 platforms and cryptocurrency token issuers of all sizes.
It supports particularly high utility in Asia and Latin America by supporting highly popular regional payment methods in emerging markets such as GCash in the Philippines; OVO and Dana in Indonesia; Pix in Brazil.
Jointly obtaining licenses with PT Berkah Digital Payments will greatly add to its capabilities in Asia, where crypto adoption is high.
The success of Alchemy Pay has been built around a truly global network of payment and remittance partners, acquirers, token issuers, blockchain networks, exchanges, and crypto platforms across all sub-sectors of the industry.
Driving crypto adoption in Asia
Alchemy Pay’s joint license obtained with PT Berkah Digital Pembayaran will contribute to driving crypto adoption in Asia. Alchemy Pay and Berkah Digital are expected to provide more efficient and cost-effective payment services across the country.
Following the announcement, Alchemy’s native token (ACH) has surged by over 7% in the last 24 hours. In addition, ACH has recorded a 250% gain over the last 30 days, according to CoinGecko data.
The rise in ACH price is closely linked to its recent support for Google Pay, which saw ACH reach a local high of $0.04.
