Digital Asset Firm Tokeny Solutions Partners with Monerium, a European EMI
Digital asset firm
Tokeny Solutions has partnered with
Monerium to boost the accessibility of digital securities by enabling a digital euro to secondary transfers, according to a note from the company.
Monerium is a regulated Electronic Money Institution (EMI) licensed to operate in the European Economic Area and the UK. Monerium allows individuals, companies, and platforms to securely manage and automate the flow of money on and off blockchains. Monerium claims to be the first, and only, EMI to offer money on blockchains and blockchain bank account numbers.
Tokeny Solutions is a European digital asset platform that facilitates the primary issuance and management of security tokens. Tokeny has always taken a compliant approach to digital assets.
In April, the exports of ICT grew by 66pc to $196m as compared to $118m in April 2020. AP/File
ISLAMABAD/KARACHI: Pakistan’s export of Information Communication Technology (ICT) grew by 46 per cent during the first 10 months of 2020-21.
An official announcement said the value of ICT reached $1.70 billion as compared to $1.17bn in 10MFY20.
In April, the exports of ICT grew by 66pc to $196m as compared to $118m in April 2020.
ICT exports now look set to breach the $2bn mark for the first time.
Commerce Adviser Abdul Razak Dawood said an increase in ICT exports is due to exporters’ efforts. “I assure exporters that the MOC is at their service for any facilitation they need,” the adviser further said.
Akhtar Fuiou Technologies – A Step Towards Digital Pakistan
Akhtar Fuiou Technologies, a new Fintech in Pakistan, has received SBP’s in-principle approval for an Electronic Money Institution License. AFT will soon launch a pilot operation for its e-wallet business.
In the recent push for digitization in the country, Akhter Fuiou Technologies (AFT) is a dynamic new entrant. Its vision is to revolutionize the country’s commercial and technology environment to rapidly increase financial inclusion.
A potential powerhouse, AFT is a collaboration between three large business groups of Pakistan and China. They include the Akhtar Group, Shanghai Fuiou Payment Services Corp. Ltd (Fuiou Group) and JollyChic. Akhtar Group is a local conglomerate owned by a prominent business family of Pakistan involved in Sugar, FMCG, Ethanol, and Textile manufacturing. The group’s business expertise and influence will power its expansion to the digitalization sector.
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