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.
Dubai’s Azizi Developments has launched sales for Burj Azizi, a 725-meter skyscraper set to become…
Dun & Bradstreet Pakistan organized an interactive discussion with business leaders from across the country.…
The Consulate of Italy in Karachi marked the 9th edition of Italian Design Day (IDD)…
Investigators have alleged that both victim Mustafa Amir and suspect Sahir Hasan were key players…
A section of Karachi’s University Road was closed to traffic on Monday after a water…
The Government of Uzbekistan has lifted its ban on Pakistani workers, allowing them to seek…
This website uses cookies.
