Flipkart has received a lending licence from the Reserve Bank of India (RBI), the Walmart-backed ecommerce company confirmed on Thursday. The nod came in March this year, according to sources.

However, this lending license will enable Flipkart, India’s largest e-commerce firm, to lend directly. This is expected to be a more profitable model for the company. The RBI issued its certificate of ...

Flipkart's NBFC licence from the Reserve Bank of India will allow it to offer direct loans to customers and sellers through its platform and fintech app, super.money, marking a significant shift ...

Flipkart’s NBFC Play: The licence will enable the company to cull its dependence on third-party players, unlock alternate revenue streams, raise funding from external sources, ...

Flipkart has secured a crucial NBFC licence from the Reserve Bank of India, potentially enabling the e-commerce giant to offer direct financing options like EMIs to its customers. While ...

Flipkart, where U.S. retail giant Walmart holds more than an 80% stake, applied for the license in 2022, according to the central bank’s approval letter. Flipkart secures lending license from ...

Flipkart's NBFC licence from the Reserve Bank of India will allow it to offer direct loans to customers and sellers through its platform and fintech app, super.money, marking a significant shift ...

Investing.com -- Walmart (NYSE:WMT)’s subsidiary, Flipkart, has secured a lending license from the Reserve Bank of India (NSE:BOI) (RBI), the country’s central banking authority, according to a ...