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 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 ...

More than a year ago, when we unpacked Flipkart’s fintech ambitions, we never expected this new vertical to become the focal point for Flipkart. But now, with an NBFC licence, the ecommerce ...

It would be interesting to see how Flipkart’s fintech play blooms as it becomes India’s first ecommerce platform with an NBFC licence.

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, 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. 3rd party Ad.