SINGAPORE – Dec 21, 2023 – (SeaPRwire) – Alchemy Pay, a leading fiat-crypto payment gateway, has formed a strategic collaboration with Worldpay, the number one global payment processor, to expand its payment channels and enhance its payment capabilities. This alliance provides Alchemy Pay access to Worldpay’s extensive Visa and Mastercard networks, allowing users to seamlessly buy and sell crypto assets using their credit and debit cards directly on Alchemy Pay’s platform.
As part of this cooperation, Worldpay’s robust payment infrastructure will also support Alchemy Pay’s NFT Checkout service, making NFTs more accessible to mainstream audiences.
Acquired by FIS (NYSE:FIS), a prominent financial technology company, in 2019 for $43 billion, Worldpay stands as the largest payment processor on Nasdaq and the biggest acquirer globally based on payment volume, handling over 130 million transactions daily across all platforms and supporting operations in 146 countries with 135 currencies. With over 1 million merchants in its network, Worldpay brings specialized expertise in fast settlements and extensive experience with cross-border payments. Through this collaborative agreement with such an established leader in the payments industry, Alchemy Pay aims to significantly expand its global reach by lowering the barriers to crypto adoption.
In response to growing interest in innovative crypto and blockchain technologies, Worldpay has enthusiastically embraced cryptocurrencies by offering specialized payment services to digital asset companies. With over $20 billion facilitated from traditional payments to crypto, the FIS group is actively involved in advancing mainstream crypto adoption. Worldpay has created partnerships with leading crypto companies like Fireblocks, Circle, and Crypto.com to provide payment solutions tailored to the unique needs of the crypto economy. Most notably, in 2022, Worldpay became the first global merchant acquirer to offer direct settlements in USDC stablecoin.
“Leveraging Worldpay’s far-reaching global infrastructure, Alchemy Pay can now better assist our partners and users to seamlessly conduct crypto transactions worldwide. This collaboration will lead to an upgraded payment experience and more favorable fee structures,” said Robert McCracken, Ecosystem Lead at Alchemy Pay. “We are thrilled about teaming up with Worldpay, an established leader in the payments space, to drive mainstream accessibility of crypto and digital assets globally.”
“As a leading provider of payment solutions for the digital asset ecosystem, Worldpay is excited to be selected by Alchemy Pay, an innovative player aiming to promote global crypto adoption by bridging fiat and the Web3 economy. Alchemy Pay’s mission aligns perfectly with Worldpay’s role in connecting traditional finance to digital currencies of the future. We take pride in supporting Alchemy Pay’s growth trajectory and look forward to a productive, long-lasting partnership,” stated Nabil Manji, Head of Crypto and Web3 at Worldpay.
As a top crypto payment gateway, Alchemy Pay continues to push for widespread utility and adoption of crypto and Web3 by enabling easy access via fiat gateways. With a proven track record of robust payment solutions, Alchemy Pay supports transactions in over 50 fiat currencies through Visa, Mastercard, Discover, Diners Club, and other popular options across 173 countries. Alchemy Pay also accepts payments via Apple Pay, Google Pay, bank transfers, and leading mobile wallets in emerging markets.
Alchemy Pay aggressively pursues licenses to legally operate compliant payment services globally, already securing approval in the United States (Arkansas, Iowa), Canada, Indonesia, Lithuania, and more regions in the pipeline. Moreover, Alchemy Pay is officially recognized by Visa and Mastercard as an authorized third-party payment institution. These milestones demonstrate Alchemy Pay’s leadership in the crypto payments sector and commitment to full legal compliance.
SOURCE Alchemy Pay
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