String Metaverse (BSE: META) obtains Canadian fintech license and rebrands as String Payx.
InString Metaverse Limited (BSE: META), a next-generation Web3 digital finance infrastructure company, has officially secured its Fintech License (MSB registration) from FINTRAC Canada, with...
Hyderabad (Telangana) [India], June 17: InString Metaverse Limited (BSE: META), a next-generation Web3 digital finance infrastructure company, has officially secured its Fintech License (MSB registration) from FINTRAC Canada, with operations based in Vancouver. Marking this key milestone, the company will rebrand as String Payx, with the new name set to be implemented across all regulatory and operational platforms within the next 60 days.
- Issuance of Virtual Debit Cards
- Cross-Border Wire Transfers
- Full-suite Payment Solutions for businesses and individuals
- Virtual Corporate Accounts
- 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 license is a game-changer,” said [CEO 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.
About String Metaverse first Web3.0 company listed on Indian exchanges (BSE: META), is building the Internet Financial System of the future. The company’s infrastructure powers scalable digital banking, payment rails, and asset tokenization, connecting Web3 innovation with real-world utility across borders.
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