Flipkart becomes the first Indian e-commerce firm to get RBI’s NBFC licence, enabling it to offer direct lending services to customers and sellers, boosting its fintech presence.

Walmart's Flipkart has secured a non-bank finance company license from India's central bank, enabling it to independently offer loans to its customers and sellers.

The license has been granted to Flipkart Finance Pvt., a company spokesperson said. The NBFC license allows the company to lend money but not accept deposits. This marks the first time the central ...

This marks the first time that the RBI has granted a non-bank finance company (NBFC) license to a large e-commerce player in India. The license allows Flipkart to lend money, but not accept deposits.

However, Flipkart became the first to secure the ... It is apparent that e-commerce platforms that obtain an NBFC license will gain leverage over competitors like Amazon, Myntra, and Ajio by ...

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 ...

The nod came in March this year, according to sources. When contacted about the grant of the NBFC licence, Flipkart confirmed the development but did not divulge any details. The move could pave ...