Alchemy Pay now supports South African Rand (ZAR), enabling fast, secure, and low-cost crypto purchases via local banks in South Africa.
Alchemy Pay has recently made a big move in the world of crypto payments. On September 5, 2025, the company announced that it now supports the South African Rand (ZAR) for crypto purchases. This announcement was made via Alchemy Pay’s official X account (formerly referred to as Twitter). The update enables people in South Africa to purchase cryptocurrencies with their local currency. This is accomplished by using trusted and secure bank transfers.
Alchemy Pay Enables Direct Crypto Purchases with FNB, Absa, More
Before this update, many South African users experienced difficulties when trying to purchase crypto. Sometimes, they were forced to use foreign currencies or complicated payment systems. Now the process has become much easier with the support of the local bank. Alchemy Pay has added local bank rails support for this new feature. This includes the larger banks such as the FNB, Absa, Investec, Stanbic Bank, Bidvest Bank, and TymeBank.
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By offering direct bank transfers in ZAR, Alchemy Pay is addressing a significant issue for users in the region. Fast, low-cost, and secure crypto purchases are now at the disposal of the public. They don’t have to be concerned about exchange rates or foreign transaction fees. It also generates more trust, as users can use their known banking platforms.
This change is part of Alchemy Pay’s wider mission. The company wants to establish a solid and dependable fiat-to-crypto payment network worldwide. By supporting local currencies such as ZAR, Alchemy Pay can tap into a wider audience, particularly in emerging markets. Countries in Africa, Latin America, and Southeast Asia are experiencing rapid growth in crypto adoption. Alchemy Pay is answering this call to action and facilitating easier access to crypto.
The update is also good news for businesses and Web3 platforms. It means that they can now bring more users on board from South Africa. With Alchemy Pay’s On-Ramp functionality, dApps, wallets, and crypto exchanges can receive payments in ZAR. Users can purchase crypto with a few clicks and dive into digital assets immediately.
ZAR Addition Aligns with Alchemy Pay’s Global Vision
Alchemy Pay currently supports more than 50 fiat currencies and is active in 173 countries. It supports over 300 local payment channels. Some of its most popular services are QRIS, OVO, Dana in Indonesia, GCash and GrabPay in the Philippines, PIX in Brazil, SPEI in Mexico, SEPA and iDEAL in Europe. Adding ZAR is only continuing this theme of providing local solutions in various regions.
The new South African Rand support is also in line with Alchemy Pay’s long-term vision. The company aims to make crypto accessible to people regardless of their location. It believes local and regulated payment systems are essential to this. In Africa, where crypto interest continues to grow rapidly, such a strategy can help to accelerate adoption.
To conclude, Alchemy Pay’s decision to include ZAR support is a forward-thinking move that comes at the perfect time. This paves the way for broader participation in the crypto world in South Africa. At the same time, Alchemy Pay is dedicated to creating an inclusive, user-friendly, and global crypto payment infrastructure. This step is a big step forward on behalf of the company as well as for the future of digital finance.
