ISLAMABAD
\nThe Securities and Exchange Commission of Pakistan (SECP), has granted a license to KOKO TECH PAKISTAN (PRIVATE) LIMITED (KTPL) to operate a Buy Now Pay Later (BNPL) business in Pakistan. KTPL is ultimately owned by Alibaba.com Holdings. The entry of Alibaba-backed KTPL marks a significant milestone for Pakistan\u2019s digital financial ecosystem.
\nOne of world\u2019s leading e-commerce and technology companies, Alibaba\u2019s move into Pakistan reflects growing international confidence in the country\u2019s large consumer base, expanding digital economy, and untapped financial services market.
\nWith its advanced AI-driven credit assessment systems and globally tested digital infrastructure, KTPL is expected to introduce innovative, data-driven lending solutions in the BNPL space. This will enhance access to consumer financing, particularly for young users, freelancers, and small businesses that remain underserved by traditional banking channels.
\nThe development also represents a direct inflow of foreign investment into Pakistan\u2019s financial sector. Backed by Alibaba\u2019s global expertise and capital strength, KTPL is well-positioned to support SMEs, boost e-commerce activity, and accelerate the shift towards a more inclusive, technology-led financial system.
\nThe SECP Chairman, Dr Kabir Ahmed Sidhu, said that the entry of Alibaba Group will boost competition and innovation.
\nDr Sidhu noted that Pakistan is an attractive destination for international investment, supported by its large population, growing digital adoption, and an improving regulatory framework.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD The Securities and Exchange Commission of Pakistan (SECP), has granted a license to KOKO TECH PAKISTAN (PRIVATE) LIMITED (KTPL) to operate a Buy Now Pay Later (BNPL) business in Pakistan. KTPL is ultimately owned by Alibaba.com Holdings. The entry of Alibaba-backed KTPL marks a significant milestone for Pakistan\u2019s digital financial ecosystem. One of world\u2019s …<\/p>\n","protected":false},"author":4,"featured_media":96374,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-96360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/96360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=96360"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/96360\/revisions"}],"predecessor-version":[{"id":96376,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/96360\/revisions\/96376"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/96374"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=96360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=96360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=96360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}