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 launches cardless credit, may apply for NBFC license Flipkart's so-called cardless credit programme will give shoppers access to an instant credit line of up to ₹ 60,000 ...

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 ...

Consequently, Flipkart expects its lending products to contribute to 15-20% of its growth over the next three years. Garikipati said that at present, the “buy now-pay later” product has 6-8 ...

Flipkart's NBFC licence from the Reserve Bank of India will allow it to offer direct loans to customers and sellers through its platform and fintech app, super.money, marking a significant shift ...

Flipkart is currently in the process of applying for a non-banking financial company (NBFC) license. According to a report in Tech2, Flipkart’s new entity will be a credit lending platform for ...

The NBFC Edge. Flipkart’s NBFC plans have been in the works for several years now. The company approached the central bank for a licence in 2022, and it took nearly three years for approval.

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. Flipkart secures lending license from ...

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 ...