Flipkart Secures NBFC Licence from RBI, Enters Direct Lending Space
In a groundbreaking development for India’s digital economy, 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.
On March 13, 2025, 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.
Summary/Static | Details |
Why in the news? | Flipkart Secures NBFC Licence from RBI, Enters Direct Lending Space |
Entity | Flipkart Finance Pvt Ltd (subsidiary of Flipkart) |
Licence Type | NBFC (Non-Banking Financial Company) |
Issuing Authority | Reserve Bank of India (RBI) |
Purpose | Direct lending to customers and sellers |
Parent Company | Walmart (owns 80%+ of Flipkart) |
Industry Impact | First e-commerce player in India to get NBFC licence |
Iga Swiatek from Poland won her first Wimbledon title on July 12, 2025, beating Amanda…
Punjab, a vibrant state in northern India, is known for its colorful culture, delicious food…
Brazil and Mexico are two of the most famous and exciting countries in Latin America.…
Varanasi is one of the oldest and most spiritual cities in the world. Located on…
India is a country full of history, culture and natural beauty. Many special places in…
The Indian Army has launched Operation SHIVA 2025 to ensure the safe and smooth conduct…