Alchemy Pay has been acknowledged and listed as one of Mastercard’s SDP Compliant Service Providers. Alchemy Pay is always compliant and adheres to site data protection laws around the world in the provision of our fiat-crypto on-ramps, used by crypto platforms across all sectors.
The Mastercard SDP Compliant Registered Service Provider List records reflect companies registered as service providers that have received an official validation of compliance. Each Mastercard client, such as Alchemy Pay, is obligated to comply with Mastercard rules and other standards pertaining to registration as a service provider. This list is packed with other well-known companies including Amazon, Google, and J.P. Morgan. Notably, in January this year, Alchemy Pay received recognition and was officially listed as an Official Service Provider by Visa, another major player in the traditional payment industry.
Millions of transactions have now been successfully processed by Alchemy Pay’s on & off-ramp API solution and NFT checkout. We facilitate transactions between traditional fiat currency and cryptocurrency so it is advantageous to have strong and direct relationships with all major payment institutions. Acting as the connecting ‘bridge’ between traditional finance and cryptocurrency, Alchemy Pay is currently able to process fiat payments to purchase cryptocurrencies and non-fungible tokens (NFTs) for Mastercard holders in 173 countries.
Alchemy Pay Ecosystem Lead, Robert McCracken commented, “Mastercard has been a key component in our global payment network’s success. We are now more global than ever, bridging fiat and crypto economies in 173 countries worldwide. Our inclusion in the Mastercard SDP Program demonstrates our commitment to operating within the bounds of regulatory frameworks. Ultimately though, it is the consumer that benefits from seamless access to blockchain finance via global payment standards like Mastercard.”
Mastercard’s global network facilitates digital payments across more than 200 countries and territories among a set of consumers, merchants, financial institutions, businesses, strategic partners and government entities. There are currently 1.55 billion Mastercard holders worldwide. This substantial number of users provides Alchemy Pay with an advantageous position to effectively serve a larger population.
As a payment provider, Alchemy Pay makes the adoption of crypto and Web3 possible to people around the world using whatever payment methods they wish. This not only means Mastercard and Visa, but also GooglePay, ApplePay, and hundreds of local wallets and bank transfers too. Today, 173 nations and over 50 currencies are supported by our fiat-crypto payment gateway, and we remain committed to simplify the onboarding process to crypto and pave the way to wider crypto adoption.
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