Alchemy Pay Partners with Bitget to Enable Effortless Crypto Purchase with Indian Rupee (INR)

Alchemy Pay
3 min readMay 8, 2024

Alchemy Pay, the world leading payment solutions provider, has joined forces with Bitget, the top-tier cryptocurrency exchange and Web3 company, to enhance services for Indian users seeking seamless crypto purchase. Through integration of Alchemy Pay’s On-Ramp, Bitget users now easily gain access to using Indian local currency, Indian Rupee (INR) to acquire cryptocurrencies. This partnership simplifies the conversion process between fiat and crypto assets, offering users unparalleled convenience and flexibility.

Supported cryptocurrencies include USDT, BTC, ETH, USDT and TRX. With support for multiple payment channels, including Unified Payments Interface (UPI) and IMPS (bank transfer), users across India can seamlessly navigate the crypto landscape with ease.

Catering to a vast user base exceeding 25 million across 100+ countries and regions, Bitget exchange stands as a leading platform dedicated to empowering users with intelligent trading tools, notably its innovative copy trading feature and other tailored solutions. In response to the growing demand for crypto payment solutions in Southeast Asia, Bitget continues to broaden its service and bring localized advantages to the region. Leveraging the Alchemy Pay ramp solution, Bitget has effectively met the needs of its substantial user community in key Southeast Asian nations, including Indonesia, the Philippines, Thailand, Malaysia, and Vietnam. Now extending its reach to India, this service enables Indian users to effortlessly access crypto through their local fiat currency, INR, further enhancing accessibility for local users.

Founded in 2017 and headquartered in Singapore, Alchemy Pay has remained steadfast in its mission to offer crypto on and off-ramp solutions, positioning itself ahead of competitors, particularly in emerging markets. With a dedicated emphasis on these developing regions, Alchemy Pay has effectively captured a significant market share, particularly in Southeast Asia and Latin America. Across Southeast Asian countries like Indonesia, the Philippines, Thailand, and Malaysia, Alchemy Pay facilitates transactions through popular regional payment methods such as DANA, OVO, QRIS, GCash, Maya, Thai QR, as well as bank transfers including RCBC, BPI, and Union Bank.

In order to facilitate the onboarding of the next million users for its partners like Bitget, Alchemy Pay has made significant strides by securing multiple compliance licenses across various countries and regions worldwide, including the UK, the United States, Canada, Indonesia, Lithuania, and more. This strategic move underscores Alchemy Pay’s commitment to regulatory compliance and its dedication to expanding its global reach. Noteworthy is Alchemy Pay’s acknowledgment by major payment industry giants Visa and Mastercard, marking its official listing as an authorized payment service provider, which further solidifies Alchemy Pay as a trusted and reliable entity.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

About Alchemy Pay

Founded in Singapore in 2017, Alchemy Pay is a payment gateway that seamlessly connects crypto with traditional fiat currencies for businesses, developers, and end users. With its On & Off Ramp solution, Crypto Card, Web3 Digital Bank, NFT Checkout, and Crypto Payments, Alchemy Pay supports payments in 173 countries.

The Ramp is a one-stop solution to buy and sell crypto and fiat, easily integrated by platforms and dApps according to requirements. The Crypto Card solution empowers businesses and token issuers to provide users with branded virtual and physical cards for instant global spending. The Web3 Digital Bank offers an innovative solution, allowing Web3 enterprises to open multi-fiat accounts and facilitating instant conversion between fiat and cryptocurrencies.

ACH is the Alchemy Pay network token on the Ethereum blockchain.

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Alchemy Pay

Alchemy Pay (ACH) bridges fiat and crypto global economies through a real-world payment system and mainstream-friendly access to web3 services.