Walmart's Flipkart has obtained a lending licence from the Reserve Bank of India (RBI), allowing the e-commerce platform to provide loans directly to its customers and sellers.

This marks a major shift in India’s digital lending landscape, as Flipkart will now be able to offer loans directly to its customers—a first for an Indian online marketplace.

Flipkart’s move into direct lending is anticipated to enhance its profitability while improving financial services for its extensive user base. The company plans to integrate lending solutions into ...

Flipkart secures an NBFC license from the RBI, allowing it to offer direct loans to buyers and sellers. A strategic fintech push ahead of IPO plans.

E-commerce giant Flipkart has been granted a Non-Banking Financial Company (NBFC) licence by the Reserve Bank of India (RBI), a spokesperson for the Walmart-owned company confirmed to Fortune India.

Flipkart’s last known valuation stood at $37 billion in 2024, following a funding round led by Walmart. The NBFC licence gives Flipkart direct access to lending activities, placing it deeper into the ...

Walmart's Flipkart secures approval for direct lending in India, documents show Flipkart, owned by Walmart, has secured a non-bank finance company (NBFC) licence from the Reserve Bank of India ...

A lending licence will enable Flipkart - India’s largest e-commerce firm - to lend directly, a more lucrative model for the group.

Flipkart just scored a major financial industry first. The Reserve Bank of India (RBI) granted the e-commerce leader a Non-Banking Financial Company (NBFC) license. Now, Flipkart has become India’s ...

Direct lending targets non-institutional borrowers that do not have the credit rating of a public company.