Alchemy Pay Registers Under Visa’s Ramp Provider Program

Alchemy Pay, a leading fiat-payment gateway, has reached a significant milestone by successfully registering under Visa’s new Ramp Provider Program. This achievement, facilitated through its partnership with Worldpay, marks a new chapter in Alchemy Pay’s mission to bridge traditional finance with the global crypto economy. The announcement was made here.

The Visa Ramp Provider Program operates across multiple regions, including APAC, CEMEA, Europe, LAC (excluding Brazil), the U.S., and Canada. It provides a framework for third-party agents to convert fiat currencies into non-fiat currencies like Bitcoin (BTC) and Ethereum (ETH), and vice versa. This initiative is part of Visa’s broader strategy to enhance digital currency adoption and facilitate seamless transactions across its global network.

With this registration, Alchemy Pay strengthens its position as a key player in the fiat-crypto payments ecosystem. It offers solutions to a wide range of clients, from crypto exchanges and wallets to everyday merchants seeking to accept digital currencies. As a registered ramp provider, Alchemy Pay is well-positioned to support the growing demand for crypto-to-fiat conversion services, enabling a more streamlined, secure, and efficient payment experience for users worldwide.

Partnership with Worldpay and Authorization by Visa

Alchemy Pay’s collaboration with Worldpay and its authorization by Visa have been pivotal in achieving this milestone. In December 2023, Alchemy Pay announced its partnership with Worldpay to enhance its payment capabilities and offer access to Visa and Mastercard’s payment rails via its On & Off-Ramp services. This partnership allows users to buy and sell crypto seamlessly using their credit and debit cards, further improving the customer experience.

Furthermore, Alchemy Pay has been an official service provider under Visa’s Third Party Agent (TPA) Program since January 2023. This recognition and authorization have enabled Alchemy Pay to offer payment-related services to Visa’s clients, reinforcing its position as a trusted partner in the digital currency space. This has been key to its success in completing the Ramp Provider Program registration.

Looking Ahead

“We are incredibly proud to complete registration under Visa’s Ramp Provider Program,” said Ailona Tsik, CMO of Alchemy Pay. “This milestone reflects our commitment to pushing the boundaries of crypto payment solutions and expanding access to digital currencies. Our authorization by Visa, along with our close partnership with Worldpay, will help us serve more merchants and users, enhancing the adoption of crypto payments globally.”

With this new registration, Alchemy Pay is set to play an even larger role in supporting merchants, businesses, and consumers as they navigate the expanding world of digital currencies. This milestone is part of Alchemy Pay’s broader compliance efforts to strengthen its position as a trusted and regulated player in the payments ecosystem. In the same month as this registration, Alchemy Pay also accelerated its compliance efforts by securing four additional Money Transmitter Licenses (MTLs) in the United States, bringing its total to eight licenses. The company has also expanded its licensing and compliance framework across Southeast Asia, Europe, and the UK, ensuring its services meet the highest standards of regulatory oversight globally.

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