A digital payment solution for domestic and international payments is setto be launched in Pakistan in May this year.
Called ‘Foree’, the application allows users to aggregate all bank accountsand cards into a single application and perform seamless transactions atmarginal cost.——————————
hairman of Foree’s Board, Murtaza Hashwani, has claimed that Foree will bePakistan’s first online payment system.
Hashwani noted that Foree is unique because users do not have to move moneybetween different accounts using online banking and the service is unlikewallets, which only allow limited transaction facilities.
He said that Foree will facilitate overseas Pakistanis, especially in theMiddle East, remit payments back home without the involvement of an agentor bank and at a minimum charge.——————————
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It will boost the e-commerce industry in Pakistan and will allow people toshop online from international brands and companies through real-timepayments.
Foree had been set up with seed investment and future expansion willinvolve global companies and venture capitalists invest in Pakistan,helping to create at least 100,000 jobs in the country within two years,said Hashwani.
*Via: Arab News link*
