The leading fiat-crypto ramp provider, Alchemy Pay, now supports multiple local payment methods for crypto purchases in Malaysia. By enabling users to pay by domestic bank transfer, the QR Pay system and Boost e-wallet, it is more convenient and low cost than ever for Malaysians to buy crypto.
Alchemy Pay’s on-ramp payment solution, integrated via API or widget, is available to Web3 platforms across all sectors of the industry. The new integrations now mean that, as well as Mastercard and Visa, Malaysian users can now buy crypto directly with Malaysian ringgit (MYR) on crypto platforms using these popular local alternative payment methods. Transactions can be from as 70 – 50,000 MYR
Users in Malaysia can enjoy access to crypto using bank transfers for many banks including HongLeong Bank, Maybank and Public Bank. Alternatively, they can also use the ramp to select the ubiquitous QR Pay system which connects to almost all banks in Malaysia for low fee purchases with over 90% transaction success rates.
Boost is the all-in-one app created by Axiata that financially empowers millions of customers and merchants, across seven countries in Southeast Asia through its. Its ever-expanding fintech ecosystem spans merchant solutions, AI-based lending business, and cross-border payment platform, and rewards.
Simplifying the onboarding process is crucial for the widespread adoption of cryptocurrencies and by enabling new payment options, Alchemy Pay brings crypto to a growing number of users. Founded in Singapore in 2018, the company’s success in Malaysia is not the only one in Southeast Asia. The gateway provider supports highly popular regional payment methods in emerging markets such as GCash in the Philippines (60M users), OVO (92M users), and Dana (115M users) in Indonesia. Alchemy Pay focuses on user-friendly payments that solve onboarding issues in the cryptocurrency space and bring additional opportunities to clients and their users.
Alchemy Pay’s on & off ramp has been integrated by crypto platforms and dApps such as DEXs, CEXs, crypto wallets, NFT Marketplaces, play-to-earn gaming, DeFi protocols, and specialist projects. The ramp solution is fully customisable and is integrated with full support via API and/or plugin. It supports Mastercard, Visa in 173 countries, Google Pay, Apple Pay, as well as large scale banking systems such as SEPA in Europe. Beyond global and continental methods, the ramp supports major regional wallets across the globe with a particular focus on emerging markets such as Southeast Asia and Latin America.
Try Alchemy Pay On & Off Ramp
Try our On & Off Ramp to buy and sell crypto and local fiat currencies today
Enquiries for Plugin & API Integration
Developers of Web3 platforms, and dApps with interest in integrating Alchemy Pay’s ramp solution can contact via email ramp@alchemypay.org or the website https://alchemypay.org/contact
