ISLAMABAD – The State Bank of Pakistan (SBP) has granted permission toForee to provide payment services in Pakistan.
Foree is a mobile payment platform that enables users to pay anyone usingQR Code, Mobile Number, CNIC Number, Email Address, Twitter handle,Facebook or Foree Address (a virtual payment address). It is a universal,low-cost digital payment platform for businesses, enabling even thesmallest merchant to start accepting digital payments in a cost-effectivemanner without the need for any expensive POS machines.
The Founder and CEO of Foree, Saleem Ropani said, *“Foree is on a missionis to make payments easy, interoperable and trusted to power economies bydelivering Financial Inclusion and Social Economic Justice. Along withcreating new avenues for jobs and formalization of the economy, through ourtechnology we are enabling access to financial services with ease andtrust. Foree aims to become the backbone of Pakistan’s digital society.”*
With 150 million cellular subscribers, 70 million 3G/4G/broadband users,and 60 million bank accounts; Foree aims to steer the digitaltransformation in Pakistan in terms of payments and digital services.
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Mehdi Hussain, Co-founder and Chief Technology Officer of Foree, said,*“Keepingour customers and users safe and delighted is our number one priority atForee. We dedicate extensive resources to ensure all the user data andinformation is secure. We’ve built a company culture that reinforces trustat every opportunity.”*
