NBFCs digital lending outreach extends to 365,239 borrowers: SECP

News Image

MG News | February 04, 2022 at 06:24 PM GMT+05:00

0:00

February 4, 2022: The SECP licensed digital lending Non-Bank Finance Companies (NBFCs) made rapid progress and started to show disruption in Pakistan's lending landscape and are proving to be significant in furthering the journey of financial inclusion, a press release said today.

The SECP has licensed six fintech-enabled NBFCs, which have collectively reached out to 365,239 borrowers with the disbursement of over Rs6,139 million through 858,998 loans.

The average loans size of these digitally enabled NBFCs ranges from Rs1,000 to Rs80,000 depending upon the nature of business and target market of these entities.

All of these licenses have been issued during the last three years, to NBFCs that are engaged in digital lending using innovative fintech solutions. There is also a healthy pipeline of fresh applications for NBFC license from investors who intend to engage in fintech-based lending.

Newly licensed digital lending NBFCs include Finja Lending Services Limited, SeedCred Financial Services Limited, Qisstpay BNPL Limited, Tez Financial Services Limited, Cashew Financial Services Limited and CreditFix Financial Services Limited. These NBFCs are providing financial solutions to otherwise unserved and underserved through digital means and include Nano lending, Peer-to-Peer (P2P) Lending and Buy-Now-Pay-Later models, etc.

The SECP remained focused on regulatory reforms and ease of doing business to encourage innovative business models and promote financial inclusion.

 Press Release

Related News

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 11, 2025 at 10:56 PM GMT+05:00

Gold price in Pakistan rises Rs2,300 per tola


July 11, 2025 at 05:49 PM GMT+05:00

PKR gains 10 paisa per USD


July 11, 2025 at 05:41 PM GMT+05:00

PSX Closing Bell: Bulls Serenade The Bourse


July 11, 2025 at 05:06 PM GMT+05:00

UBL doubles profit to Rs65bn in 1HCY25


July 11, 2025 at 04:19 PM GMT+05:00

Ideal Spinning Mills to exit spinning business



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg