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SECP Grants BNPL Licence to Alibaba-Backed Koko Tech
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SECP Grants BNPL Licence to Alibaba-Backed Koko Tech
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 coun…
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