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April 14, 2026
Cocotech secures SECP license to launch BNPL in Pakistan, expanding digital credit access and drawing global fintech interest.
Read more: SECP Raises Sahulat Account Investment Limit to Rs. 3 Million
Pakistan’s financial regulator has taken a key step toward expanding digital finance by granting a Non-Banking Finance Company (NBFC) license to Cocotech Pakistan, an entity affiliated with Alibaba Group.
With this approval, Cocotech plans to roll out Buy Now, Pay Later (BNPL) services, enabling consumers to make online purchases through installment-based payments. The offering is expected to widen access to short-term credit and encourage greater participation in e-commerce.
The development comes as Alibaba Group signals interest in investing directly in Pakistan, highlighting confidence in the country’s growing digital marketplace.
SECP Chairman Dr. Kabir Sidhu said the country’s expanding digital ecosystem and large consumer base are drawing attention from global investors. He emphasized that increased access to financial tools would support young professionals, freelancers, and small enterprises in engaging more actively with the digital economy.
He further noted that Alibaba’s entry could intensify market competition and foster innovation within Pakistan’s evolving fintech space.
Analysts believe the move may accelerate the adoption of flexible payment solutions while strengthening the broader financial technology landscape.
