{"id":50806,"date":"2026-04-14T21:23:45","date_gmt":"2026-04-14T21:23:45","guid":{"rendered":"https:\/\/foreignnewstoday.com\/?p=50806"},"modified":"2026-04-14T21:23:45","modified_gmt":"2026-04-14T21:23:45","slug":"secp-grants-buy-now-pay-later-licence-to-alibaba-owned-koko-tech-pakistan","status":"publish","type":"post","link":"https:\/\/foreignnewstoday.com\/?p=50806","title":{"rendered":"SECP grants Buy Now Pay Later licence to Alibaba-owned Koko Tech Pakistan"},"content":{"rendered":"<p><br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/i.dawn.com\/large\/2026\/04\/141901337aaf1ec.webp\" \/><\/p>\n<p>The Securities and Exchange Commission of Pakistan (SECP) on Tuesday said it had granted a Buy Now Pay Later (BNPL) licence to Alibaba-owned Koko Tech Pakistan Pvt. Ltd (KTPL).<\/p>\n<p>\u201cThe entry of Alibaba-backed KTPL marks a significant milestone for Pakistan\u2019s digital financial ecosystem,\u201d it said in a press release.<\/p>\n<figure class=\"media  w-full  w-full  media--left    media--uneven  media--stretch\" data-original-src=\"https:\/\/x.com\/SECPakistan\/status\/2044020211641397593?s=20\">\n<div class=\"media__item  media__item--twitter  \"><span><\/p>\n<blockquote class=\"twitter-tweet\" lang=\"en\"><p>\n        <a href=\"https:\/\/twitter.com\/SECPakistan\/status\/2044020211641397593?s=20\"><\/a>\n    <\/p><\/blockquote>\n<p><\/span><\/div>\n<\/figure>\n<p>The press release further stated: \u201cOne of the 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.\u201d<\/p>\n<p>It said that with its advanced artificial intelligence-driven credit assessment systems and globally tested digital infrastructure, KTPL was expected to introduce \u201cinnovative, data-driven lending solutions\u201d in the BNPL space.<\/p>\n<p>\u201cThis will enhance access to consumer financing, particularly for young users, freelancers, and small businesses that remain underserved by traditional banking channels,\u201d the press release said.<\/p>\n<p>It highlighted that the development also represented a direct inflow of foreign investment into Pakistan\u2019s financial sector.<\/p>\n<p>\u201cBacked by Alibaba\u2019s global expertise and capital strength, KTPL is well-positioned to support small and medium enterprises, boost e-commerce activity, and accelerate the shift towards a more inclusive, technology-led financial system,\u201d it said.<\/p>\n<p>The press release quoted SECP Chairman Dr Kabir Ahmed Sidhu as saying, \u201cThe entry of Alibaba Group will boost competition and innovation.\u201d<\/p>\n<p>Dr Sidhu further noted that Pakistan was an \u201cattractive destination\u201d for international investment, supported by its large population, growing digital adoption, and an improving regulatory framework.<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/www.dawn.com\/news\/1991688\/secp-grants-buy-now-pay-later-licence-to-alibaba-owned-koko-tech-pakistan\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Commission of Pakistan (SECP) on Tuesday said it had granted a Buy Now Pay Later (BNPL) licence to Alibaba-owned Koko Tech Pakistan&hellip;<\/p>\n","protected":false},"author":1,"featured_media":50807,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[8],"tags":[],"class_list":["post-50806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertaonment"],"_links":{"self":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts\/50806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50806"}],"version-history":[{"count":0,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts\/50806\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/media\/50807"}],"wp:attachment":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}