Archive · 6 Jun 2025
Flipkart Obtains RBI License, Enters Direct Lending Market
Flipkart, an e-commerce company owned by Walmart, got a special license from India's RBI, the central bank.
This allows Flipkart to directly lend money to its customers and sellers, unlike before when they partnered with other banks.
The license, officially given on March 13th, will enable Flipkart to offer loans within its platform and the Super.Money app.
Flipkart is now competing with Amazon, which is also boosting its financial services.
Flipkart plans to launch the lending operations in a few months, depending on internal procedures.
Flipkart received an NBFC license from the Reserve Bank of India (RBI).
The license allows Flipkart to offer loans directly to customers and sellers.
The NBFC license was granted on March 13.
Flipkart plans to integrate lending solutions within its platform and Super.Money app.
Walmart holds over 80% stake in Flipkart.
- Who
- Flipkart (Walmart)
- What
- Obtained an NBFC license to offer loans
- When
- March 13
- Where
- India
- Why
- To offer loans directly to customers and sellers
Amazon
Flipkart
Market Strategy
Amazon
Amazon is strengthening its financial services.
Flipkart
Flipkart is expanding into direct lending.
- Company
- Flipkart
- Parent Company
- Walmart
- License Type
- NBFC (Non-Banking Financial Company)
- Issuing Authority
- Reserve Bank of India (RBI)
- License Date
- March 13
- Planned Lending
- Customers and Sellers
- Location
- India
Sources
Walmart’s Flipkart secures approval for direct lending in India: Report
Walmart's Flipkart secures approval for direct lending in India, documents show
Fintech entry cleared: Flipkart gets RBI nod for lending licence; plans for NBFC rollout still under wraps
Flipkart secures NBFC licence from RBI, becomes first Indian e-commerce firm to offer direct lending
