by Fintech News Singapore
February 21, 2024
Alchemy Pay, a Singapore-based provider of fiat-crypto payment solutions, has expanded its services in Hong Kong and Southeast Asia through the integration of popular regional payment platforms into its NFT Checkout.
This includes AlipayHK, Indonesian digital wallet DANA, Quick Response Code Indonesia Standard (QRIS), and the Philippines’ e-wallet GCash.
This move allows users to purchase NFTs directly using these widely-used payment methods, improving accessibility to the NFT market.
The integration is particularly significant in Hong Kong, where users can now easily use AlipayHK for NFT transactions, aligning with the region’s growing interest in the crypto industry.
By incorporating these payment methods, Alchemy Pay aims to cater to a broader audience in Southeast Asia, enabling them to engage with NFTs through familiar payment channels.
The collaboration with AlipayHK is especially notable amidst Hong Kong’s supportive stance on the cryptocurrency sector, positioning Alchemy Pay for long-term growth in the area.
The company is also pursuing regulatory approvals, including the Money Service Operator (MSO) license in Hong Kong, to further solidify its standing.
Alchemy Pay‘s NFT Checkout is designed to facilitate businesses in selling NFTs and accepting payments through a variety of methods, including credit and debit cards, in addition to local payment solutions.
The company has licenses in various markets, including the U.S., Canada, Indonesia, and Lithuania.
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