Alchemy Pay Extends Support for Australia and New Zealand Fiat Currencies
Alchemy Pay, now supports domestic payment systems in Australia and New Zealand so that people can buy crypto quickly and simply.
The addition of new payment channels allows users in Australia to purchase cryptocurrency through widely used fintech applications like POLi and PayID, while users in New Zealand can utilize POLi for crypto payments, bringing forward increased transaction success rates and reduced fees. Alchemy Pay’s on and off-ramp gateway is integrated by multiple Web3 platforms and has already processed millions of transactions for users in a total of 173 countries.
PayID is a real-time interbank payment service launched by Australia’s New Payments Platform (NPP) in February 2018, and is similar to Hong Kong’s Faster Payment System (FPS). PayID has already been used by over 12.7 million Australians for its high speed transactions.
Alchemy Pay’s on-ramp payment widget and API also now supports Australian and New Zealand users to buy crypto using POLi. This popular online payment system is used by businesses and individuals in Australia and New Zealand. Over 60% of the population are clients of POLi, and it has partnered with mainstream banks such as Commonwealth Bank, Westpac, BankWest, Bendigo Bank, Citibank, CUA, ING Direct, among others.
Alchemy Pay supports these kinds of payment systems, and provides a crucial payments bridge between fiat networks and crypto networks around the globe. The Singapore-based payment provider produces a fiat-crypto on-ramp plugin that is now being used by many wallets, DeFi, gaming and NFT marketplaces, as well as exchanges like OKX and Bitget. Alchemy Pay specialises in highly popular regional payment methods in emerging markets such as Pix, SPEI, GCash, Dana, OVO, PayNow. Global methods such as Visa, Mastercard, Google Pay and Apple Pay are also supported.
Simplifying the onboarding process is crucial for the widespread adoption of cryptocurrencies and by enabling local payment options, Alchemy Pay makes the adoption by a growing number of users possible.
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