Mobile platform “Foree” granted permission by State Bank for payment services in Pakistan

State Bank of Pakistan (SBP) has granted permission to Foree to provide payment services in Pakistan.

Foree is a mobile payment platform that enables users to pay anyone using QR 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 the smallest merchant to start accepting digital payments without the need for any expensive POS machines.

With 150 million cellular subscribers, 70 million 3G/4G/broadband users, and 60 million bank accounts, Foree aims to steer the digital transformation in Pakistan in terms of payments and digital services.

The Founder and CEO of Foree, Saleem Ropani said “Foree is on a mission is to make payments easy, interoperable and trusted to power economies by delivering Financial Inclusion and Social Economic Justice.”