Alchemy Pay Adds Local Payment Channels for Crypto Purchases in Philippines
Alchemy Pay, the leading fiat-crypto ramp solution provider, has expanded its range of payment options for users in the Philippines. This includes the addition of local mobile e-wallets and bank transfers, facilitating users to purchase cryptocurrency using the local fiat currency Philippine Peso. At present, Alchemy Pay supports all bank transfers within the Philippines and also extends support through popular e-wallets such as Maya, Coins.ph, and GrabPay.
This new inclusion in the payment channels provides users in the Philippines with improved services and a broader range of payment options. For instance, when it comes to domestic bank transfers, individuals can now purchase cryptocurrency through major banks like BDO Unibank, Bank of the Philippine Islands (BPI), Land Bank of the Philippines (LBP), and others. This expansion results in higher success rates for transactions at lower fees, offering users a more favorable and efficient experience.
Maya, Coin.ph, and GrabPay are popular digital wallet options in the Philippines, offering convenient, reliable, and secure payment solutions. Maya is powered by the country’s only end-to-end digital payments company Maya Philippines, Inc. and Maya Bank, Inc. for digital banking services, with both entities regulated by the Bangko Sentral ng Pilipinas, the central bank of the Philippines. Coins.ph, on the other hand, is a highly established cryptocurrency brand in the Philippines and boasts a user base of over 16 million individuals. GrabPay operates internationally and strives to enhance economic mobility across Southeast Asia, serving customers in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand, and Vietnam.
Since its establishment in Singapore in 2017, Alchemy Pay has a focus on emerging markets and has achieved success not only in the Philippines but also in other regions. The company has secured a dominant market share in Southeast Asia and Latin America serving as a gateway provider. In these emerging markets, Alchemy Pay supports widely used regional payment methods such as Pix, SPEI, GCash, Dana, OVO, and PayNow, etc. By introducing new payment options and simplifying the onboarding process, Alchemy Pay enables an increasing number of users to access and engage with cryptocurrencies.
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On & Off Ramp Enquiries
Developers of Web3 platforms, and dApps with interest in integrating Alchemy Pay’s ramp solution can contact via email ramp@alchemypay.org or the website https://alchemypay.org/contact
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