Flipkart has become the first large e-commerce firm in India to receive a Non-Banking Financial Company licence from the Reserve Bank of India:
Walmart-owned Flipkart has received approval from the Reserve Bank of India (RBI) to operate as a Non-Banking Financial Company (NBFC). With this licence, Flipkart can now offer loans directly to its customers and sellers, moving beyond partnerships with traditional lenders. This move marks the first time an Indian e-commerce giant has been granted such a licence, paving the way for deeper fintech integration in online retail.The RBI granted Flipkart Finance Private Limited a certificate of registration to operate as an NBFC. This approval is significant as it allows Flipkart to Lend directly, unlike its previous tie-ups with banks.Operate independently in the credit space. Expand its fintech ecosystem through its app, super.money.
