Posted inTech and Telecom
Pakistan’s Wemsol Pvt. Seeks $5 Million from International Finance Corporation
Pakistan’s payment company – Wemsol Pvt., better known as Keenu – is seeking $5 million funding from the International Finance Corporation (IFC). Keenu, a Karachi-based company, makes point-of-sale debit and credit card machines. The company’s Chief Executive Officer, Syed Ejaz Hassan, said that Keenu will utilize the money for the expansion of its network, Bloomberg reported. ALSO READ Why is PayPal Not Planning to Launch in Pakistan? According to Numero Advisors, the company is also planning to create consumer and merchant wallets. For this purpose, it will seek a license from the State Bank of Pakistan (SBP). Keenu is also the…