Tag: NBFC license

SECP Issues NBFC License to Alibaba Group Associate Cocotech for BNPL Services

SECP grants a Non Banking Finance Company license to Alibaba Group associate Cocotech Pakistan to launch Buy Now Pay Later services and boost the digital economy.

SECP grants digital lending license to NBFC operator, boosting fintech growth in Pakistan

The Securities and Exchange Commission of Pakistan (SECP) has issued an Investment Finance Services license to Foremost Financial Services and granted prior approval to Instant Finance for NBFC registration, paving the way for digital nano-lending and SME-focused lending solutions. The move reflects SECP’s commitment to fintech innovation, financial inclusion, and regulatory facilitation in Pakistan.