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The Central Bank of Indonesia has granted licenses jointly to Berkah Digital and Alchemy Pay to provide remittances and fund transfer services to customers in the country.
As reported in a blog post, these licenses will greatly increase the ability for these entities to payout to end users and clients across Asia as well as reduce the operating costs of their payment services.
“Berkah Digital has been listed as a Payment Service Provider — License Category 3 on Bank Indonesia’s official site and can be found by searching ‘Berkah Digital’.
“Singapore-based Alchemy Pay is known for its provision of on & off-ramps, crypto payments, and NFT checkout to Web3 platforms. PT Berkah Digital Pembayaran operates from Indonesia in the field of financial technology and is known primarily for BDPay which helps clients to transfer to multiple accounts and electronic money at a lower price than conventional methods and provides a virtual account for the top-up method.
Launched in 2021, BDPay enables personal transfers (payment acceptance) and corporate transfers (payments). It also offers clients payroll services and transfers via API. Certified by ISO/IEC 27001:2013, it directly connects with bank APIs, making it easy to transfer to 136 banks in Indonesia. It facilitates same-day transfers and has developed support for community needs with agents distributed across Indonesia.
Alchemy Pay’s on-ramp supports Mastercard, Visa, Google Pay, Apple Pay, and multiple regional mobile wallets and domestic transfers in 173 countries to allow users to purchase crypto quickly, easily, and securely using their fiat currency funds. The Singapore-based fiat-crypto payment gateway is taking crypto accessibility to the next level with direct-to-customer services with its on & off-Ramp and NFT checkout. These ramp payment solutions have been integrated by numerous Web3 platforms and cryptocurrency token issuers of all sizes.
It supports particularly high utility in Asia and Latin America by supporting highly popular regional payment methods in emerging markets such as GCash in the Philippines; OVO and Dana in Indonesia; Pix in Brazil. Jointly obtaining licenses with PT Berkah Digital Payments will greatly add to its capabilities in Asia, where crypto adoption is high.
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