Alchemy Pay, a Singapore-based payment gateway, has recently announced a strategic partnership with South Korean firms Danal and Danal Fintech. This collaboration aims to enhance payment solutions and expand their global reach. By combining their expertise in physical and virtual asset payment markets, the partnership is expected to drive innovation in the Korean and global payment landscapes.
The CEO of Danal Fintech, Son Kyung-hwan, highlighted the importance of this partnership in their global market expansion efforts. He expressed that the collaboration would lead to discussions on improving payment solutions and global marketing strategies to facilitate their entry into the international market. The agreement with Alchemy Pay is seen as a significant step in bolstering Danal’s position in the global market, following a recent partnership with PayPal.
Alchemy Pay sees the Korean market as a growth opportunity and views the partnership with Danal and Danal Fintech as a chance to explore participation in the Korean market and establish a global payment cooperation system actively. Alchemy Pay, founded in Singapore in 2017, provides solutions that connect cryptocurrencies with fiat currencies, catering to businesses, developers, and end-users. The company offers On & Off Ramps for buying and selling crypto and fiat, Crypto Cards for global spending, a Web3 Digital Bank for multi-fiat accounts and conversions, NFT Checkout, and Crypto Payments supporting transactions in 173 countries.
In conclusion, the partnership between Alchemy Pay, Danal, and Danal Fintech demonstrates a commitment to creating synergies in the payment industry and driving innovation in both the Korean and global payment landscapes. This collaboration is expected to enhance the competitiveness of all parties involved and support their international business expansion efforts. The strategic partnership reflects a shared vision of improving payment solutions and global market strategies to better cater to the evolving needs of businesses and consumers in the digital payment space.
