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SECP has granted a Buy Now Pay Later licence to Alibaba-owned Koko Tech Pakistan, marking a boost for digital lending in Pakistan.
Securities and Exchange Commission of Pakistan (SECP) has granted a Buy Now Pay Later (BNPL) licence to Koko Tech Pakistan, a subsidiary backed by Alibaba Group.
The regulator described the move as a significant step for Pakistan’s digital financial ecosystem, highlighting growing international confidence in the country’s expanding digital economy and consumer market.
Koko Tech Pakistan is expected to introduce AI-driven credit assessment systems and data-led lending solutions, improving access to consumer financing for underserved segments, including freelancers, young users and small businesses.
According to SECP, the development also represents a direct inflow of foreign investment into Pakistan’s financial sector, with Alibaba’s global expertise expected to drive innovation and competition in the BNPL space.
SECP Chairman Dr Kabir Ahmed Sidhu noted that Pakistan remains an attractive destination for international investors due to its large population, increasing digital adoption and improving regulatory environment.
The move is expected to support SME growth, boost e-commerce activity and accelerate the shift toward a more inclusive, technology-driven financial system.
