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.

Flipkart secures RBI’s NBFC licence, becoming India’s first e-commerce lender. Loans and credit services to launch via Super.Money UPI app.

Bengaluru, June 6 -- 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.

However, this lending license will enable Flipkart, India’s largest e-commerce firm, to lend directly. This is expected to be a more profitable model for the company. The RBI issued its certificate of ...

Walmart-owned Flipkart's subsidiary has received a license to operate as a non-bank financial company from the Reserve Bank of India. The license has been granted to Flipkart Finance Pvt., a ...

Flipkart secures NBFC license from RBI—becomes first Indian e-comm player to offer direct lending Flipkart, last valued at $37 billion in 2024 when it raised $1 billion in a funding round led by ...

Flipkart, where U.S. retail giant Walmart holds more than an 80% stake, applied for the license in 2022, according to the central bank’s approval letter. Related articles ...