Business Desk 
Apr 15, 2026
The Securities and Exchange Commission of Pakistan (SECP) on Tuesday announced that it had granted a 'Buy Now Pay Later' (BNPL) license to Alibaba-owned Koko Tech Pakistan Pvt. Ltd(KTPL).
Taking to X (formerly Twitter), SEC Pakistan stated: "The entry of Alibaba-backed KTPL marks a significant milestone for Pakistan’s digital financial ecosystem. One of the world’s leading e-commerce and technology companies, Alibaba’s move into Pakistan reflects growing international confidence in the country’s large consumer base, expanding digital economy, and untapped financial services market.”
With its advanced artificial intelligence (AI)-driven credit assessment systems and globally tested digital infrastructure, KTPL was expected to launch “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,” said SEC Pakistan, adding that the development also represents a direct inflow of foreign investment into Pakistan’s financial sector.
Backed by Alibaba, KTPL is well-positioned to support small and medium enterprises (SMEs), boost e-commerce activity, and increase the shift towards a more inclusive, technology-led financial system.
SEC Pakistan Chairman Dr Kabir Ahmed Sidhu stated: "Pakistan was an attractive destination for international investment, supported by its large population, growing digital adoption, and an improving regulatory framework." Sidhu further added that the entry of Alibaba Group will boost competition and innovation.
