Secp Grants Qisstpay The First Ever Buy Now Pay Later License In Pakistan
On December 21, 2021, the Securities and Exchange Commission of Pakistan (SECP) granted QisstPay, a Buy Now, Pay Later (BNPL) license, the first-ever BNPL license in Pakistan. This Non-Banking Finance Company (NBFC) license is the first of its kind granted by the SECP to a new fintech concept, opening up Pakistan to massive investments in the fintech sector and allowing the adoption of new fintech concepts. This license, according to Jordan Olivas, the company’s co-founder and CEO, is a significant first for the company....