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Alchemy Pay Supports Indian Rupee For Local UPI Payments to Crypto On-Ramp

Twitter icon  •  Published 11ヶ月前  •  Hassan Maishera

The Alchemy Pay team announced via a Medium post on Wednesday that it now supports India’s UPI domestic transfer payments for crypto purchases in India.

The Alchemy Pay team announced via a Medium post on Wednesday that it now supports India’s UPI domestic transfer payments for crypto purchases in India. By enabling users to pay by Unified Payments Interface, India’s domestic transfer system, it is possible for Indian bank account holders to buy and sell cryptocurrency with the Indian rupee. As a global payment gateway provider, Alchemy Pay is able to process transactions as domestic and enable Indians to buy crypto for a minimum purchase value of 1250 INR.

Unified Payments Interface (UPI) is the popular instant real-time payment system developed by the National Payments Corporation of India.

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 down by 2% in the last 24 hours and currently trades at $0.03342. 




Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.