Alchemy Pay has officially entered the Australian crypto payment market through the integration of PayID, a real-time interbank payment system, and registration with AUSTRAC as a Digital Currency Exchange Provider. This move marks a significant milestone in the company's global expansion strategy, allowing it to compliantly offer fiat-crypto exchange services within Australia.

The integration of PayID, a widely adopted payment system in Australia, enables Alchemy Pay to facilitate instant crypto-to-fiat transactions directly to and from Australian bank accounts. PayID simplifies payments by allowing users to transfer funds using easily recognizable identifiers such as phone numbers or email addresses, instead of traditional bank account details. This results in a streamlined onboarding experience with faster processing times, reduced transaction fees, and higher transaction success rates for Australian users.

Alchemy Pay's successful registration with AUSTRAC, the Australian government's financial intelligence agency, underscores its commitment to meeting and exceeding regulatory standards. This approval positions Alchemy Pay as one of the first in the industry to gain such credentials, providing a significant first-mover advantage in Australia's tightly regulated financial ecosystem.

The company's entry into the Australian market reflects its broader strategic effort to expand its reach across compliant markets worldwide, while offering localized solutions tailored to regional needs. In Europe, Alchemy Pay supports integrations with systems such as SEPA Instant, Faster Payments, BLIK, Bancontact, and Skrill. Across Southeast Asia, its network includes regional leaders like Dana, OVO, QRIS, GrabPay, GCash, and Thai QR. These integrations demonstrate Alchemy Pay's mission to connect traditional finance with decentralized systems in a seamless and compliant manner.

Founded in Singapore in 2017, Alchemy Pay has established itself as a trusted on and off-ramp provider for fiat and crypto transactions in over 170 countries. Its services include Web3 Digital Banking, NFT Checkout, and multi-fiat account management tools for businesses and developers. By enabling crypto purchases through conventional fiat methods, Alchemy Pay lowers the entry barrier for users entering the Web3 space.

Alchemy Pay's PayID-supported ramp in Australia is poised to play a pivotal role in shaping the future of crypto finance, as the demand for compliant, user-friendly crypto payment services grows globally. The company's regulatory success and technical integrations provide it with a strong edge in trust and functionality within the competitive crypto payments landscape.