Alchemy Pay, along with Danal and its subsidiary Danal Fintech, has officially announced a strategic partnership that promises to significantly enhance their global payment solutions.
This collaboration, formalized through a Memorandum of Understanding signed on June 25, aims to leverage each company’s strengths to improve their competitive edge in the bustling global payment market. This partnership marks a pivotal moment for all involved entities, setting the stage for profound impacts on both local and international payment landscapes.
Uniting Expertise to Drive Payment Innovation
The partnership between Alchemy Pay, Danal, and Danal Fintech is not purely a business alliance but a strategic cooperation for an extensive payment ecosystem over continents.
Together, the three companies will leverage deep domain experience and technical resources to spark change and provide efficiencies around payments for businesses and consumers both in Korea and globally. The partnership is viewed as a key milestone to the implementation and leverage of both organization’s services – from classic financial transactions to more modern crypto-payment solutions.
Now, there is a new and exciting chapter in the transformation of Alchemy Pay, Danal, and Danal Fintech – a strategic partnership has been established between the three parties to take their solutions to the next level in global payments technology.
This partnership is a game-changer in the competitive American payment landscape and will drastically enrich services already available on the Korean market, as announced today.
Son Kyung-hwan, CEO of Danal Fintech, emphasized the importance of this collaboration in their strategy for international expansion. “Partnering with Alchemy Pay enables us to refine our payment solutions and escalate our global market penetration,” he remarked.
The collaboration is hoped to spur on the creation of new payment protocols which could rival those of the traditional financial services industry. Through partnerships with the likes of PayPal, and taking into account its more recent deal-making momentum as well, Danal sees this new pathway alongside Alchemy Pay as a strategic channel to reinforce its position among international markets, in addition to expanding both financial operations.
Alchemy Pay’s Strategic Foray into the Korean Market with Danal
Alchemy Pay regards the Korean market as a key area for growth, seeing significant potential in leveraging Danal’s established presence and Danal Fintech’s specialized experience in virtual asset payments.
This strategic alignment is crafted to foster deep discussions on entering the Korean market and to expand Alchemy Pay’s operational footprint globally. “Our collaboration with Danal and Danal Fintech is a strategic one, aimed at not just entering the Korean market but setting up a robust global payment cooperation framework,” an Alchemy Pay spokesperson noted.
Established in Singapore in 2017, Alchemy Pay creates a payment gateway that can be quickly adapted to the different needs of digital and fiat convenience.
Its suite of products include On & Off Ramp solutions, Crypto Card services, Web3 Digital Bank functionalities, NFT Checkout capabilities and end-to-end Crypto Payments. With different products and use cases being accepted in 173 countries, Alchemy Pay is working to further expand the application of its innovative payment solutions across regions and industries.