Alchemy Pay Offers Crypto Payments to Bank Accounts in Australia, Here Are the Details!

Jakarta, Pintu News – Alchemy Pay, a crypto payment solution provider, has entered the Australian crypto payment market by integrating PayID, a real-time interbank payment system.

The move is part of an expansion approved by AUSTRAC, the Australian government’s financial intelligence agency, which allows Alchemy Pay to offer fiat-crypto exchange services compliantly in Australia.

Check out the full information here!

PayID integration by Alchemy Pay

With the integration of PayID, Alchemy Pay is now able to offer regulatory-compliant fiat-crypto exchange services in Australia. PayID, which is a widely adopted payment system in Australia, allows users to receive bank transfers instantly using a simple identifier such as a phone number or email address.

This eliminates the need to share complicated bank account details. This integration not only speeds up the transaction process but also lowers costs and increases transaction success rates.

With support from most major banks in Australia, PayID has become the standard method for everyday transactions between individuals, businesses and institutions.

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Alchemy Pay Registration with AUSTRAC

As part of its expansion, Alchemy Pay has successfully registered as a Digital Currency Exchange Provider with AUSTRAC. This registration allows Alchemy Pay to offer fiat-crypto exchange services compliantly in Australia, a country known for its strict regulatory framework.

The strict regulatory framework in Australia has previously posed challenges for crypto payment providers. However, with the presence of a compliant service, Alchemy Pay hopes to reduce the barriers to mass crypto adoption in the country. This opens up new opportunities for Australian crypto projects to expand their market.

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Alchemy Pay Global Strategy

Australia is only one part of Alchemy Pay’s global strategy. In Europe, the company supports integrations with SEPA Instant, Faster Payments, BLIK, Bancontact, and Skrill. In Southeast Asia, Alchemy Pay enables crypto payments through local channels such as Dana, OVO, QRIS, Maya, Coins.ph, GrabPay, GCash, Thai QR, and Touch’n Go.

With this expansion, Alchemy Pay not only strengthens its position in Australia but also globally. The integration of PayID and registration with AUSTRAC marks an important step in Alchemy Pay’s endeavor to facilitate easier and faster crypto transactions worldwide.

Conclusion

With this strategic move, Alchemy Pay hopes to accelerate crypto adoption in Australia and expand its reach globally. The integration of PayID and compliance with AUSTRAC regulations puts Alchemy Pay at the forefront of crypto payment innovation, opening up new opportunities for crypto users and projects in Australia.

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Reference

• Crypto News. Alchemy Pay Integrates PayID, Enabling Crypto Payments to Aussie Bank Accounts. Accessed on May 27, 2025
• Featured Image: Investor Place