Alchemy Pay expanded its fiat on-ramp service in Malaysia with the integration of three new local payment channels: GrabPay, Touch ‘n Go eWallet, and Boost. This update allows users to purchase cryptocurrencies with Malaysian ringgit (MYR) through some of the most widely used digital wallets in the country, expanding the company’s localized payment infrastructure across Southeast Asia.
GrabPay is one of Malaysia’s largest digital wallets, with a broad presence across transportation, delivery, and retail commerce. Touch ‘n Go eWallet, recognized as the country’s leading platform, surpasses 20 million active users across transportation payments, tolls, and everyday transactions. Boost, meanwhile, stands out for its integrations in physical and digital commerce, bill payments, and rewards programs.
With this expansion, Alchemy Pay strengthens its network of over 300 fiat channels distributed across 173 countries, with a particular focus on emerging markets in Latin America and Southeast Asia. The company holds compliance licenses in the United States, Canada, South Korea, Indonesia, Hong Kong, and Lithuania, among other jurisdictions, and is listed as an authorized provider within both the Visa ecosystem and the Mastercard Crypto Partner Program.
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