Flipkart, in which U.S. retail behemoth Walmart holds a more than 80% stake, applied for the licence in 2022, according to the central bank’s approval letter.

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 ...

With this, Flipkart has also become India’s first ecommerce company to fetch an NBFC licence. Notably, the Walmart-backed company applied for the NBFC licence in 2022, the report added.

E-commerce platform Flipkart has secured a lending licence from the Reserve Bank of India (RBI), allowing it to offer loans directly to customers and sellers on its platform, a report has said ...

Flipkart had set up Super.money as a separate entity in 2023, funding it with around $15-20 million, and is among the big focus areas for the e-tailer for its financial services and lending ...