Hyderabad, June 16 -- 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...