Business EconomyPosted at: Jun 16 2025 5:02PM


String Metaverse secures Canadian Fintech Licence

Hyderabad, June 16 (UNI) String Metaverse Limited, a next-generation digital finance infrastructure Web3 company, on Monday announced it has officially received its Fintech Licence (MSB registration) from FINTRAC Canada, headquartered in Vancouver.
In alignment with this significant milestone, the Canadian company will undergo a strategic rebranding to String Payx, with the name change to be reflected across all regulatory and operational platforms within the next 60 days, the company said in a release.
This licence marks a pivotal expansion for String Metaverse, empowering it to launch comprehensive Web3-enabled digital banking services, including issuance of Virtual Debit Cards, cross-border wire transfers, full-suite payment solutions for businesses and individuals, virtual corporate accounts and seamless crypto-to-fiat on-ramp and off-ramp capabilities.
String Metaverse is uniquely positioned at the convergence of gaming, digital assets, and fintech.
With an existing user base of 4 million gamers, projected to reach 10 million, the company will leverage this license to issue Virtual Visa and Mastercard Debit Cards, fully integrated with Apple Pay and Google Pay. This enables instant global payments at over 170 million merchants across both physical and digital platforms.
“This licence is a game-changer," said Santosh Althuru, CEO of String Metaverse. “It enables us to power the next wave of financial services for Web3-native users, seamlessly merging crypto, gaming, and global payments.”
This development is aligned with String’s mission to build the public infrastructure layer for open, yield-bearing financial ecosystems on blockchain — where stablecoins, tokenized assets, and real-world payments converge, Santosh added.
UNI KNR PRS
Please log in to get detailed story.
Tags: #String Metaverse secures Canadian Fintech Licence
More News

Guinness owner Diageo’s CEO steps down after 2 years

17 Jul 2025 | 7:12 AM

New York, July 17 (UNI) Diageo, the world’s biggest spirits maker, announced that its CEO Debra Crew has stepped down by “mutual agreement” after being in the role for just two years.

see more..

No transactions in Hyd GPO on July 21 due to digital upgrade

16 Jul 2025 | 11:22 PM

Hyderabad, July 16 (UNI) There will be no public transactions at the Hyderabad GPO on July 21 with the Telangana Postal Circle proposing to roll out an upgraded system as part of the digital transformative system.

see more..

Kushal’s targets 300 stores in next three years

16 Jul 2025 | 9:43 PM

Bengaluru, July 16 (UNI) Kushal’s Fashion Jewellery, a leading name in India’s fashion and silver jewellery segment, has celebrated a landmark achievement with the opening of its 100th retail store, located at Nexus Koramangala Mall in Bengaluru. The milestone was marked by a grand celebration featuring Bollywood actress Nushrratt Bharuccha, who inaugurated the store.

see more..

Fino introduces “GATI” savings account to penetrate UPI transactions in Bengal

16 Jul 2025 | 9:02 PM

Kolkata, July 16 (UNI) Having made banking easy, simple and convenient, Fino Payments Bank is now focusing on making customers transact instantly right after opening a new bank account.

see more..

Consumer Commission orders Bajaj Allianz, J&K Grameen Bank to pay flood claim of a shopkeeper

16 Jul 2025 | 8:06 PM

Srinagar, July 16 (UNI) The District Consumer Disputes Redressal Commission Baramulla and Bandipora has ruled in favour of a local shopkeeper in a case related to the non-settlement of an insurance claim following the devastating floods of September 2014.

see more..