Alchemy Pay Partners with Paysafe to Expand Market Presence in Europe
Alchemy Pay, a world-leading fiat-crypto payment gateway, has announced a strategic partnership with Paysafe (NYSE: PSFE), a leading payments platform. With this partnership, Alchemy Pay integrates Paysafe’s Skrill, NETELLER, and multiple local payment methods into its Fiat On-ramp offering, enhancing convenience and accessibility for global users, particularly across European markets.
Paysafe has a robust track record of connecting consumers and merchants through seamless payment processing, digital wallets, and online cash solutions, supporting 250+ payment types in over 40 currencies. The integration of Paysafe's payment rails, including globally recognized digital wallets Skrill and NETELLER, which are available to crypto holders in 130 countries (excluding the U.S.) and support over 40 fiat currencies, reinforces Alchemy Pay's offerings. This integration empowers Alchemy Pay's partners and users with more fiat payment options when purchasing crypto, enhancing transaction success rates and improving the overall user experience.
Moreover, the integration of Paysafe's open banking solution allows Skrill users in 16 countries to instantly convert their fiat funds into their preferred cryptocurrencies direct from their bank accounts via Alchemy Pay's On-ramp platform.
This partnership marks the initial collaboration between Alchemy Pay and Paysafe, with plans to extend its reach by integrating more payment methods from Paysafe to emerging markets, such as Latin America, later this year.
"At Alchemy Pay, we believe easy fiat-crypto onboarding is key to unlocking the true potential of crypto. Partnering with Paysafe streamlines this process for our users and opens the door to a wider audience, particularly in European countries," commented Alchemy Pay Ecosystem Lead, Robert McCracken. "Looking ahead, we're excited to leverage Paysafe's expertise to expand into other promising markets like Latin America, bringing the benefits of crypto to an even larger global community."
“We're delighted to partner with Alchemy Pay, which like Paysafe has a global footprint,” said Micah Kershner, SVP of Crypto & Digital Assets at Paysafe. “The Skrill and NETELLER wallets' large user-base and popularity among crypto holders along with integration of local payment methods will power Alchemy Pay's Fiat On-ramp with more payment options. We're confident this partnership will enhance the payment experience for crypto exchanges and Web3 companies served by Alchemy Pay, driving their future growth.”
Founded in 2017, Alchemy Pay has been at the forefront of the crypto payment industry, merging blockchain technology with conventional financial knowledge to provide swift, secure, and economical cross-border transactions. It has partnered with prominent payment processors, regional e-wallets, and local bank transfer services, forming a payment network that covers 173 countries and includes over 300 fiat payment options. Dedicated to driving widespread crypto adoption, Alchemy Pay adheres to regulatory requirements and has obtained various licenses in nations such as the UK, United States, Canada, Indonesia, and Lithuania.
About Paysafe
Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading payments platform with an extensive track record of serving merchants and consumers in the global entertainment sectors. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry leading capabilities in payment processing, digital wallet, and online cash solutions. With over 25 years of online payment experience, an annualized transactional volume of $140 billion in 2023, and approximately 3,200 employees located in 12+ countries, Paysafe connects businesses and consumers across 260 payment types in over 40 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. Further information is available at www.paysafe.com.
For further information about Paysafe, please contact:
The Paysafe Press Office via PR@Paysafe.com
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 offerings including On & Off Ramp, 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. Additionally, our Web3 Digital Bank supports Web3 enterprises by providing multi-fiat accounts and instant fiat-crypto conversion capabilities. The crypto payment solution enables merchants to accept crypto payments globally, while allowing users to conveniently spend their crypto assets for everyday purchases. ACH is the Alchemy Pay network token on the Ethereum blockchain.
