In a strategic move aimed at enhancing the competitiveness of the payment solutions offered by the parties involved and expanding their global reach, Alchemy Pay, a Singapore-based payment solution provider, has announced the signing of a mutually beneficial and strategic partnership with Danal and Danal Fintech.
Notably, the agreement announced on the Alchemy Pay X handle demonstrates the parties' shared commitment to building better payment bridges and fostering an expanded ecosystem.
🚀#AlchemyPay, Danal, a leading integrated payment business company, and Danal Fintech, the largest virtual asset payment service in Korea, announced the signing of a strategic partnership agreement📜.
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) June 25, 2024
This agreement aims to enhance the competitiveness of both parties' payment… pic.twitter.com/YuYjU9nniH
Moreover, owing to the position each of the companies occupies within their respective countries, combining their expertise in physical and virtual assets payment markets, will help drive advancements in the Korean and global payment landscape.
Daniel Fintech CEO Shares Insight About The Strategic Partnership
In response to a query regarding the partnership, Son Kyung-hwan, the CEO of Daniel Fintech, noted that the partnership was a significant step to ensure global market expansion for the parties involved.
He said, “Our strategic relationship with Alchemy Pay will play a crucial role in our global market expansion. Through this partnership, we will actively discuss enhancing our payment solutions and global marketing to facilitate its entry into the global market.”
Noteworthily, in a bid to support International business expansion, Danal is currently widening and strengthening its relationship with global payment partners.
The above claims were supported by the company’s anonymous representative, who highlighted recent partnerships with Paypal and Alchemy Pay as active steps aimed at setting the stage to secure Danal’s position in the global market.
Implications?
In a nutshell, the recent strategic partnership indicates that Alchemy Pay views the Korean marketplace as a potential area for growth and expansion and the partnership as a step in the right direction.
Hence, the partnership with Danal, one of Korea’s leading payment gateway companies, and Danal Fintech, a leader in real-world virtual asset payments, offers an immense opportunity for the company to explore active participation in the Korean market and make its mark as a global payment cooperation system.
