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 ...

The NBFC license to Flipkart Finance Pvt. allows the company to lend money but not accept deposits. ... An NBFC license will let the Walmart-owned firm to offer credit to customers directly, ...

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.

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

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.

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. Now ...

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.