String Metaverse (BSE: META) Secures Canadian Fintech License, Rebrands to String Payx
String Metaverse Limited (BSE: META), a next-generation digital finance infrastructure Web3 company, is pleased to announce that it has officially received its Fintech License (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.
This license 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
· 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.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
22 minutes ago
- Mint
Small-cap stock hits upper circuit, bagging Mega Power Transmission Order
Stock Market Today: Small-cap stock gained 5% to hit the upper circuit during the intraday trades on Monday after having bagged the Mega Power Transmission Order. Bajel Projects, over the weekend on 21 June, announced having secured Ultra Mega* EPC, or engineering, procurement, and construction orders of transmission lines. Ultra-mega orders, as per the company's classification, are orders worth more than ₹ 400 crore. As per the release by Bajel Projects on the National Stock Exchange of India and also on the BSE, or the Bombay Stock Exchange, they announced having secured an order from Power Grid Corporation of India Limited (PGCIL). The order has been placed on behalf of their special projects vehicle, or the SPV, 'M/s MEL POWER TRANSMISSION LIMITED,' as per the Bajel Projects press release. Bajel Projects is a BAJAJ GROUP company and in the engineering, procurement, and construction business, with a strong presence in the power transmission and distribution sectors. Small-cap stock Bajel Projects said that the broad consideration of the order is for 1. Construction of 400 kV New Transmission Line—138 km. 2. 400 kV substation bay extension works at Rewa Substation. The work involves the Transmission Line Package TL01 for (i) Mahan (Existing Bus) - Rewa PS (PG) 400 kV D/c Quad ACSR/AAAC/AL59 Moose Equivalent line and (ii) Extension of 400 kV Rewa (PG) associated with the transmission system for evacuation of power from Mahan Energen Limited Generating Station in Madhya Pradesh. The domestic EPC contract for power transmission line & substation bay extension works is to be completed by Bajel Projects in 29 months from the date of issuance of the Notification of Award. Bajel Projects share price opened at ₹ 209.80, and at the time of opening, it was 5% higher than the previous day's closing price. The small-cap stock Bajel Projects thereafter continued trading at the same levels, as ₹ 209.80 was the upper price band for the stock. Thus, Bajel Projects share price was locked in the upper circuit on Monday during the intraday trades. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
27 minutes ago
- Business Standard
Barometers trade with major losses; FMCG shares decline
The domestic equity benchmarks traded with significant losses in the early afternoon trade, weighed down by rising geopolitical tensions and a sharp selloff in IT stocks. Escalating conflict between the US and Iran, a spike in crude oil prices, and concerns over potential economic fallout triggered broad-based risk aversion among investors. The Nifty traded below the 24,950 mark. FMCG shares declined after advancing in the past trading session. At 12:28 ST, the barometer index, the S&P BSE Sensex, tanked 621.76 points or 0.76% to 81,785.82. The Nifty 50 index slipped 170.45 points or 0.68% to 24,941.95. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.15% and the S&P BSE Small-Cap index added 0.36%. The market breadth was negative. On the BSE, 1,673 shares rose and 2,209 shares fell. A total of 208 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, advanced 2.79% to 14.06. The Nifty 26 Jun 2025 futures were trading at 24,945.20, at a premium of 3.25 points as compared with the spot at 24,941.95. The Nifty option chain for the 26 June 2025 expiry showed a maximum call OI of 146.9 lakh contracts at the 26,000 strike price. Maximum put OI of 104.6 lakh contracts was seen at the 24,900 strike price. Economy: The HSBC Flash India Composite Output Index a seasonally adjusted index that measures the month-on-month change in the combined output of India's manufacturing and service sectors climbed to a 14-month high of 61.0 in June. Rising from 59.3 in May, the latest reading was consistent with a sharp rate of expansion that was well above the long-run series average. The HSBC Flash India Manufacturing PMI rose from 57.6 in May to 58.4 in June, signalling the best improvement in operating conditions since April 2024. Buzzing Index: The Nifty FMCG index fell 0.58% to 54,316.65. The index rose 0.64% in the past trading session. Patanjali Foods (down 1.87%), Hindustan Unilever (down 1.6%), United Spirits (down 1.45%), Godrej Consumer Products (down 1.03%), Britannia Industries (down 1.01%), ITC (down 0.69%) and Dabur India (down 0.41%) declined. On the other hand, Colgate-Palmolive (India) (up 1.18%), Varun Beverages (up 1.16%) and Nestle India (up 0.52%) edged higher. Stocks in Spotlight: Avantel surged 8.16% after the company secured two orders worth Rs 24.73 crore from Mazagon Dock Shipbuilders and Defence Electronics Applications Laboratory, DRDO. Waaree Renewable Technologies rose 0.74%. The company announced that it has signed a non-binding memorandum of understanding (MoU) with Viet Khanh Joint Stock Company for the execution of engineering, procurement, and construction (EPC) work for a solar power project.
Business Standard
27 minutes ago
- Business Standard
Bliss GVS Pharma Ltd leads gainers in 'B' group
Northern ARC Capital Ltd, Apollo Micro Systems Ltd, IRM Energy Ltd and Malu Paper Mills Ltd are among the other gainers in the BSE's 'B' group today, 23 June 2025. Northern ARC Capital Ltd, Apollo Micro Systems Ltd, IRM Energy Ltd and Malu Paper Mills Ltd are among the other gainers in the BSE's 'B' group today, 23 June 2025. Bliss GVS Pharma Ltd soared 9.58% to Rs 151.5 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 1.18 lakh shares were traded on the counter so far as against the average daily volumes of 68368 shares in the past one month. Northern ARC Capital Ltd spiked 9.58% to Rs 228.15. The stock was the second biggest gainer in 'B' group. On the BSE, 14.3 lakh shares were traded on the counter so far as against the average daily volumes of 5.2 lakh shares in the past one month. Apollo Micro Systems Ltd surged 9.00% to Rs 212.55. The stock was the third biggest gainer in 'B' group. On the BSE, 16.72 lakh shares were traded on the counter so far as against the average daily volumes of 11.4 lakh shares in the past one month. IRM Energy Ltd spurt 8.85% to Rs 311.9. The stock was the fourth biggest gainer in 'B' group. On the BSE, 19887 shares were traded on the counter so far as against the average daily volumes of 5288 shares in the past one month. Malu Paper Mills Ltd gained 8.44% to Rs 41.65. The stock was the fifth biggest gainer in 'B' group. On the BSE, 4676 shares were traded on the counter so far as against the average daily volumes of 3845 shares in the past one month.
