Alchemy Pay’s investment in EZPG Co. Allowed it to gain an Electronic Financial Business registration, enabling a comprehensive suite of services such as money transfers and digital assets. This move is crucial as South Korea emerges as a significant player in cryptocurrency adoption.
With over 30% of South Koreans reportedly holding cryptocurrencies, Alchemy Pay aims to enhance its presence in the market. The firm can now process crypto transactions and offer local payment solutions like KakaoPay and Naver Pay, recognizing South Korea as a pivotal hub for digital finance in Asia.