Alchemy Pay, the world-leading fiat-crypto payment solutions provider, has expanded its fiat on-ramp service in Malaysia with the integration of three new local payment channels: GrabPay, Touch ‘n Go eWallet, and Boost. The update enables users to purchase crypto using Malaysian Ringgit (MYR) through some of the country’s most widely adopted digital wallets, further strengthening Alchemy Pay’s localized payment infrastructure across Southeast Asia.
As digital wallet adoption continues to accelerate across Malaysia, the country has become one of the region’s most active cashless economies. Mobile wallets are now deeply embedded into daily consumer behavior, from transportation and food delivery to QR-based retail payments and online commerce. By integrating leading Malaysian payment methods directly into its on-ramp infrastructure, Alchemy Pay helps global crypto platforms provide a smoother and more familiar payment experience for local users.
Strengthening Localized Fiat Access in Malaysia
The newly added payment channels expand Alchemy Pay’s support for local payment preferences while improving accessibility for users entering the crypto economy.
- GrabPay: GrabPay is one of the largest digital wallets in Malaysia and is widely used across ride-hailing, food delivery, online shopping, and QR merchant payments. Supported by the country’s strong mobile wallet adoption rate, GrabPay has become a core payment tool for millions of consumers across Southeast Asia.
- Touch ‘n Go eWallet: Touch ‘n Go eWallet is widely recognized as Malaysia’s leading e-wallet platform, serving more than 20 million users through transport services, toll payments, retail purchases, and daily transactions. Its strong user penetration and extensive merchant network make it one of the country’s most important digital payment infrastructures.
- Boost: Boost is a major Malaysian e-wallet platform known for cashback rewards, utility bill payments, and retail integrations. As one of the country’s established digital wallet providers, Boost supports a wide range of digital payment use cases across both online and offline commerce.
Expanding Fiat-Crypto Connectivity Across Southeast Asia
The addition of these three payment channels reflects Alchemy Pay’s continued investment in localized fiat infrastructure and regional payment accessibility. Southeast Asia remains one of the fastest-growing markets for digital assets and mobile-first financial services, with users increasingly expecting payment methods that align with local habits and platforms they already use every day.
By supporting trusted domestic e-wallets in Malaysia, Alchemy Pay enables exchanges, wallets, decentralized applications, and Web3 services to onboard users more efficiently while reducing payment friction. With a vast network over 300 fiat payment channels spanning 173 countries, Alchemy Pay is fully devoted to simplifying the onboarding experience and pushing the widespread acceptance of cryptocurrencies, fostering greater connectivity between everyday people and the thriving crypto industry.
With a strong focus on these developing regions, Alchemy Pay has garnered substantial advantages, bolstering its presence in Latin America (Brazil, Mexico, Argentina, etc.) and Southeast Asia (Indonesia, Philippines, Thailand, Malaysia, etc.). Alchemy Pay has successfully acquired numerous compliance licenses in various countries and regions globally, such as the United States, Korea, Canada, Indonesia, Lithuania, HongKong, etc. Notably, Alchemy Pay has gained recognition from major payment giants Visa and Mastercard, officially been listed as an authorized payment service provider and joined the Mastercard Crypto Partner Program.
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Try our On & Off Ramp to buy and sell crypto and local fiat currencies today https://ramp.alchemypay.org/
On & Off Ramp Enquiries
Developers of Web3 platforms, and dApps with interest in integrating Alchemy Pay’s ramp solution can contact via the website https://alchemypay.org/contact
