Indonesia’s Berkah Digital And Alchemy Pay Secure License For Crypto Transactions

The license enables the two companies to conduct digital payments in Indonesia, a market with a population of over 270 million people and a rapidly growing digital economy. According to the press release, the license will allow Berkah Digital and Alchemy Pay to “develop, distribute and operate digital payment services in compliance with Indonesian law.”

Exciting news! #AlchemyPay and @mybdpay have jointly received license from the Central Bank of Indonesia to operate remittances and fund transfers.
Read more at: https://t.co/FFkC5Jvv2Y$ACH

— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) February 27, 2023

This move represents a significant milestone for both companies as they seek to expand their presence in Southeast Asia. Alchemy Pay has been expanding rapidly in the region and has already secured licenses in several other countries, including Singapore, the Philippines, and Thailand.

Berkah Digital, on the other hand, is a relatively new player in the fintech space but has already made significant inroads in Indonesia. The company’s mission is to empower micro, small and medium enterprises (MSMEs) in the country through digital financial services.

The joint license obtained by Berkah Digital and Alchemy Pay is expected to enable the two companies to tap into Indonesia’s growing digital economy and provide digital payment solutions to businesses and consumers in the country.

In conclusion, the license obtained by Berkah Digital and Alchemy Pay is a significant step towards their goal of expanding their presence in Southeast Asia. With Indonesia’s growing digital economy and large population, the two companies are well-positioned to provide digital payment solutions to businesses and consumers in the country.

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