Key Takeaways
Singapore-based Alchemy Pay joined Mastercard’s Crypto Partner Program on May 13, a global initiative of more than 85 firms designed to merge traditional payment systems with on-chain financial tools. The move signals a deeper integration between established financial infrastructure and the digital asset economy, aiming to scale enterprise use cases like cross-border settlement.
"Digital assets are entering a new phase," Mastercard said in its announcement of the program. "What once ran in parallel to existing financial systems is increasingly being applied to solve practical, real-world needs." For Alchemy Pay, this builds on a previous relationship where it was added to Mastercard’s Site Data Protection Compliant Registered Service Provider List, a standard required for partners.
The partnership provides a critical distribution channel for Alchemy Pay at a pivotal moment. The company recently launched the Alchemy Chain mainnet, a Layer 1 blockchain designed for stablecoin-focused merchant payments and remittances. According to a FinanceFeeds report, the chain was built with global regulatory frameworks like Europe’s Markets in Crypto-Assets (MiCA) regulation in mind. The platform's native token, ACH, will serve as the network’s gas-fee token.
Alchemy Pay is currently ranked among the top 10 global on-ramp and off-ramp providers, according to a 2026 industry survey by BeInCrypto. The firm operates across 173 countries and holds licenses in the United States, Canada, and the United Kingdom, reinforcing its strategy of bridging the gap between heavily regulated fiat systems and the world of crypto.
The collaboration addresses a core challenge for the payments industry: the growing consumer demand for instant, 24/7 transactions. While blockchain networks offer near-instant settlement—often under 60 seconds for stablecoin transfers—they have lacked the mainstream access and regulatory trust of traditional card rails.
By joining Mastercard's program, Alchemy Pay can leverage one of the world's largest payment networks to drive adoption for its new blockchain infrastructure. This integration aims to combine the speed of crypto settlement with the compliance and global reach of Mastercard, a hybrid approach becoming essential in a market where payment delays are increasingly seen as a competitive disadvantage.
This article is for informational purposes only and does not constitute investment advice.
