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.
Iranian President Masoud Pezeshkian has reiterated that his nation has no intention of developing nuclear…
AI-Generated Resumes Preferred in Hiring Research cited by Nvidia Chief Software Architect Jonathan Ross at…
Two thousand protesters marched through Bilbao on Sunday to condemn Basque police for their handling…
Daniel Radcliffe, known for his portrayal of Harry Potter, has been stepping out of his…
Google's automated enforcement system permanently terminated several creative workers' accounts, sparking complaints about algorithmic moderation…
Iranian President Masoud Pezeshkian stated during a meeting with IRIB chief and managers that all…
This website uses cookies.
