Alchemy Pay joins Mastercard program to expand crypto payments

Alchemy Pay has joined Mastercard’s Crypto Partner Program as the payment gateway seeks closer ties with global payment infrastructure. 

The company said the move will support future work on on-chain payments and digital asset commerce.

Alchemy Pay said it wants to pursue deeper integration through future initiatives within the Mastercard ecosystem. The company said more details will follow, but it did not name specific products, launch dates or supported markets in its initial update.

Mastercard builds a crypto partner network

Mastercard launched the Crypto Partner Program in March as a global framework for crypto-native firms, payment companies and financial institutions. The company said the program aims to connect on-chain builders with payment systems used in everyday commerce.

Mastercard said participants will work with its teams on future products and services. The focus includes cross-border money movement, B2B payments, settlement and commerce flows. The program includes more than 100 partners across wallets, exchanges, blockchains, custody firms, compliance providers and payment companies.

Meanwhile, Alchemy Pay operates as a fiat-crypto payment gateway for businesses, developers and users. Its website says it supports crypto purchases from 173 countries through Visa, Mastercard, mobile wallets and domestic transfers.

The company already had payment ties with Mastercard before joining the crypto partner program. In 2024, Alchemy Pay said it partnered with Mastercard to verify real users and reduce fraud in the account-opening process.

Related reports show wider payment push

The update comes as Mastercard expands its crypto payment work across several fronts. Earlier crypto.news coverage reported that Mastercard took a “360-degree” approach to stablecoin adoption through partnerships with OKX and Nuvei.

Separate coverage also showed Mastercard-linked products moving into wallet and card use cases. Ledger, Mercuryo and Mastercard launched a card that lets users spend crypto from Ledger balances, while MetaMask tested an on-chain payment card using Mastercard’s network.

Alchemy Pay framed the new membership around practical adoption. It said “collaboration between traditional finance and crypto-native innovators becomes essential.” That statement points to future work, but the company has not yet shared a product timeline.