The State Bank of Pakistan (SBP) has issued a license to M/s. Wemsol Private Limited, allowing it to begin commercial operations as an Electronic Money Institution (EMI). With this approval, Wemsol will offer e-money wallet and payment gateway services to both consumers and businesses.
This addition brings the total number of EMIs in commercial operation to six, joining NayaPay, Finja, SadaPay, Akhtar Fuiou Technologies, and E-Processing Systems.
Meanwhile, M/s. HubPay Private Limited remains in the pilot phase. Additionally, three other firms—YAP Pakistan, Cerisma, and Toko Lab—have received in-principle approval and are currently working on their organizational and technological infrastructure before launching pilot operations.
The Senate session is scheduled for today at 11:30 am in Islamabad’s Parliament House. A…
Sean Combs is set for an early release from prison following a significant sentence reduction.…
ISLAMABAD - Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar spoke with European…
Cillian Murphy was recently thrust into the spotlight when speculations swirled around his potential casting…
Prince William and Prince Harry’s longstanding relationship has reached unprecedented lows, with the brothers reportedly…
Following escalating protests across Pakistan in the wake of the assassination of Iran's Supreme Leader…
This website uses cookies.
