The Securities and Exchange Commission of Pakistan (SECP) has issued non-bank finance License to QisstPay, a startup specializing in Buy Now Pay Later (BNPL) niche.
The license paves the way for the start-up to initiate buy-now-pay-later business, the first Pakistani company to legally operate and has the right to expand into other sectors such as vehicle finance, real estate finance, microfinance and leasing.
Also Read: QisstPay announces $15mn in Seed Funding
QisstPay’s main challenge is to gain traction by bringing consumers and merchants to the same page by convincing them to use this new product. Focusing solely on complex and unusual markets like Pakistani, Management of QisstPay believes this new change holds significant benefits in 2022.
QisstPay is the fastest growing installment plan service for emerging markets, providing a payment solution for online buyers, sellers and business partners while expanding their customer base.
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