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 Pakistan Telecommunication Authority (PTA) has launched a new initiative aimed at helping overseas Pakistanis…
K-Electric has expressed deep sorrow over the tragic incident at Gul Plaza, extending heartfelt condolences…
Pakistan has been invited to join the Gaza “Board of Peace” being formed by United…
At least 33 people have been reported missing following the devastating fire that engulfed Gul…
The Sindh government has established a public helpline following the deadly fire at Gul Plaza…
A massive fire that broke out late Saturday night at Gul Plaza, a busy multi-storey…
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