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Alchemy Pay licensed in Indonesia

by Vaibhav
March 19, 2023
in News
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Alchemy Pay licensed in Indonesia
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  • It entitles you to a money transfer service.
  • The provider will enter the market through the BDPay payment system
  • They will also develop Web 3.0 in Indonesia

Alchemy Pay in partnership with PT Berkah Digital Pembayaran got license from the Indonesian regulator. It allows you to make transfers in fiat and cryptocurrencies in the local market. Note that Indonesia is the leading economy in Asia. And also one of the regions that most actively uses cryptocurrencies.

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New partnership details

Fintech company PT Berkah Digital Pembayaran has a strong business in Indonesia. In particular, they own the BDPay payment service. It offers a virtual account, convenient transfers between 173 banks in Indonesia and low fees.

Now, thanks to a partnership with Alchemy Pay, payments in cryptocurrencies will appear in the BDPay app. They will be available to individuals and companies. Alchemy Pay also supports NFT purchases, offers banking APIs, integration with Visa and Mastercard systems. Alchemy Pay recently added support for Google Pay. So far, as part of the partnership, Google Pay customers can buy 10 different cryptocurrencies.

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Alchemy and Web 3.0

Alchemy Studio creates tools that allow companies to interact with the Ethereum, Flow and Polygon blockchains and integrate with Web 3.0 applications. The other day they raised $200 million in funds to develop this technology. The company plans, among other things, to popularize Web 3.0 in Indonesia.

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