PRESS RELEASE. Singapore, March 2022– The fiat-crypto payment services service provider, Alchemy Pay (ACH), and GrePay, worldwide acquirer and payments service provider, reveal their collaboration. Grepay has more than 100 regional payment channels that process over 200k deals each day. Alchemy Pay will now utilize these channels to link crypto provider to their worldwide essential markets such as United Arab Emirates, India, Mexico, Brazil, Colombia, Chile, and Pakistan.
As part of the collaboration, Alchemy Pay will offer GrePay with cryptocurrency payment approval abilities. This consists of Binance Pay and on-chain deals for popular mainstream cryptocurrencies. As an outcome, Grepay’s merchants will all now have the choice to accept cryptocurrency payments.
Alchemy Pay’s hybrid crypto-fiat payment system enables merchant partners to accept popular cryptocurrencies for immediate offline and online payments at a low expense and the system is presently supported in more than 70 nations and reaches more than 2 million merchants.
One of GrePay’s payment channels that Alchemy Pay will initially incorporate is Payby, a leading United Arab Emirates mobile payment service provider. Alchemy Pay will make it possible for crypto provider such as crypto exchanges to accept Payby and have access to users in the UAE– an essential market where need for cryptocurrency services have actually increased quickly in the middle of the country’s relocation towards developing a cryptocurrency center.
With region-appropriate licensing and strong technical proficiency, Grepay supplies cross-border merchants with safe and secure, practical regional payment services and products. Grepay is deeply taken part in emerging markets and supports 30+ payment currencies with a concentrate on varied localised payment abilities.
The GrePay collaboration begins the back of Alchemy Pay’s current collaborations with Paytend and NIUM These partners have actually significantly increased Alchemy Pay’s abilities, not just in worldwide protection and licensing, however likewise in lowered deal and operating expense. A current outcome of the enhanced services is MEXC exchange’s combination of Alchemy Pay’s fiat payment rails that allow their users in essential brand-new Asian markets to deposit and withdraw fiat currency.
John Tan, CEO of Alchemy Pay, stated these days’s statement, “GrePay expands our global coverage in terms of what we can offer our crypto service partners as well as the crypto payment acceptance that we can offer merchants. The goal, ultimately, is the promotion of easy adoption and use of crypto for the consumer.”
About Alchemy Pay
Founded in Singapore in 2018, Alchemy Pay (ACH) links fiat and crypto economies for worldwide companies and customers. It supplies online and offline merchants with practical approval of both fiat and cryptocurrency and makes crypto services available to traditional users. Today, Alchemy Pay is supported in over 70 nations with 300 payment channels, has touchpoints with more than 2 million merchants through collaborations with market leaders such as Binance, Shopify, NIUM, and QFPay Alchemy Pay’s token, ACH, works on the Ethereum blockchain.
Website ：< a href="http://www.alchemypay.org">alchemypay.org
Twitter ：< a href="https://twitter.com/alchemypay">twitter.com/alchemypay
Telegram ：< a href="https://t.me/alchemy_official">/t.me/alchemy_official
GrePay was developed in 2018 with the goal of assisting Chinese merchants go overseas to quickly and effectively get, settle and pay from all over the world. By offering a safe, developer-friendly and certified API, it incorporates and aggregates localised payments in nations around the globe to fix the standard cross-border service advancement issues and offer simple and practical payment services for abroad tasks.