Alibaba<\/a>, will provide digital financial services to Pakistani consumers for purchasing goods on installments.<\/p>\nAlibaba is one of the world\u2019s leading e-commerce and technology companies, and the company\u2019s investment in Pakistan is a significant step towards the development of the country\u2019s digital financial system.<\/p>\n
SECP Chairman Dr. Kabir Ahmed Sidhu said that the inclusion of a major e-commerce company like Alibaba Group will boost competition and innovation in the Pakistani market.<\/p>\n
Dr. Sidhu said that Pakistan is an attractive destination for international investment due to its large population, increasing digitalization and improved regulatory framework.<\/p>\n
Alibaba\u2019s investment reflects the confidence of international investors in Pakistan\u2019s large consumer market, rapidly growing digital economy and opportunities in the financial services sector.<\/p>\n
Coco Tech Pakistan will provide fast and reliable financial services to consumers through Alibaba\u2019s experience, advanced AI-based credit assessment system and globally proven digital infrastructure.<\/p>\n
This will improve access to financial services, especially for youth, freelancers and small businesses, who are not fully covered by the traditional banking system.<\/p>\n
With Alibaba\u2019s international reputation, experience and financial resources, Coco Tech Pakistan will support small and medium-sized businesses and play a key role in promoting modern e-commerce in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD: The Securities and Exchange Commission of Pakistan has issued a license to Coco Tech Pakistan (Private) Limited as a Non-Banking Finance Company in Pakistan. Coco Tech Pakistan, a subsidiary of the internationally renowned company Alibaba, will provide digital financial services to Pakistani consumers for purchasing goods on installments. Alibaba is one of the world\u2019s […]<\/p>\n","protected":false},"author":29,"featured_media":107735,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[3216,40039],"class_list":["post-107734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-secp","tag-coco-tech-pakistan"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/107734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=107734"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/107734\/revisions"}],"predecessor-version":[{"id":107736,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/107734\/revisions\/107736"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/107735"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=107734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=107734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=107734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}