The Alchemy Pay team announced via a blog post on Wednesday that Alchemy Pay has been acknowledged and listed as one of Mastercard’s SDP Compliant Service Providers.
As a Mastercard client, Alchemy Pay is obligated to comply with Mastercard rules and other standards pertaining to registration as a service provider. This comes after Alchemy Pay received recognition and was officially listed as an Official Service Provider by Visa, another major player in the traditional payment industry in January 2023.
Alchemy Pay is a payment system focused on retail transactions at the Point-of-Sale and peer-to-peer remittance. Users can make payments in fiat, stablecoins and other cryptocurrencies on traditional payment systems. Alchemy Pay’s ACH token is up by 5% in the last 24 hours and currently trades at $0.02275.