Alchemy Pay has incorporated PayID into its payment network, following its registration as a Digital Currency Exchange Provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC).
This move enables Alchemy Pay to offer compliant fiat-to-crypto exchange services within Australia.
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PayID’s integration into Alchemy Pay’s payment system aims to streamline the conversion of Australian dollars (AUD) into cryptocurrencies, thereby facilitating the onboarding process for Australian users.
PayID, a real-time interbank payment service, facilitates domestic transactions in Australia.
Expanding beyond Australian borders, Alchemy Pay has also integrated a variety of regional payment methods to cater to the needs of its international users.
In Europe, the company supports transaction options such as BLIK, Bancontact, Skrill, SEPA Instant, and Faster Payments, serving users in the European Union and the United Kingdom.
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By GlobalDataIn Southeast Asia, Alchemy Pay’s partnerships with payment platforms like Dana, OVO, and QRIS in Indonesia; Maya, Coins.ph, GrabPay, and GCash in the Philippines; Thai QR in Thailand; and Touch’n Go in Malaysia.
Last month, Alchemy Pay obtained a money transmitter licence from the Arizona Department of Insurance and Financial Institutions in the US.
Set up in 2017, Singapore based Alchemy Pay is a payment gateway that connects crypto with traditional fiat currencies for businesses, developers, and end users.
The company offers On & Off-Ramp, Web3 Digital Bank and NFT Checkout, Alchemy Pay supports payments in 173 countries.
