String Metaverse Limited (BSE: META), a next-generation digital finance infrastructure and Web3 company, has officially secured its Fintech License (MSB registration) from FINTRAC Canada, headquartered in Vancouver. Following this milestone, the company will strategically rebrand to String Payx, with the updated name reflected across all regulatory and operational platforms within the next 60 days.
This license marks a crucial step in String Metaverse’s expansion, enabling the launch of comprehensive Web3-powered digital banking services, including:
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Issuance of Virtual Debit Cards
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Cross-Border Wire Transfers
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End-to-end Payment Solutions for individuals and enterprises
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Virtual Corporate Accounts
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Seamless Crypto-to-Fiat On-Ramp and Off-Ramp functionality
Positioned at the intersection of gaming, fintech, and digital assets, String Metaverse already serves a base of 4 million gamers, with projections to reach 10 million users. Leveraging this license, the company will issue Virtual Visa and Mastercard Debit Cards, integrated with Apple Pay and Google Pay, allowing instant payments at more than 170 million merchants worldwide, both online and offline.
“This license is a game-changer,” said Santosh Althuru, CEO of String Metaverse. “It empowers us to drive the next wave of Web3 financial services, uniting crypto, gaming, and global payments into one seamless experience.”
This development aligns with String’s broader mission of building the public infrastructure layer for open, yield-generating financial ecosystems on blockchain, where stablecoins, tokenized assets, and real-world payments converge.
About String Metaverse
String Metaverse, the first Web3.0 company listed on Indian exchanges (BSE: META), is developing the Internet Financial System of the future. Its infrastructure supports scalable digital banking, advanced payment rails, and asset tokenization — bridging Web3 innovation with real-world financial utility across global markets.