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Flipkart Secures Nod for Direct Lending in India
Hindustan Times Bengaluru
|June 06, 2025
Walmart's Flipkart has secured a lending license from the Indian central bank and banking regulator, enabling it to offer loans directly to customers and sellers on its platform, according to documents reviewed by Reuters and a source.
This is the first time the Reserve Bank of India has granted a large e-commerce player in India a non-bank finance company (NBFC) license, allowing it to lend but not take deposits.
Most e-commerce platforms currently offer loans in tie-ups with banks and NBFCs, but a lending license will enable Flipkart - India's largest e-commerce firm - to lend directly, a more lucrative model for the group.
The RBI issued its certificate of registration - a document that officially recognizes a company as an NBFC - to Flipkart Finance Private Limited on March 13.
Dit verhaal komt uit de June 06, 2025-editie van Hindustan Times Bengaluru.
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