Flipkart Secures RBI NBFC Licence, Enters Direct Lending Ahead of IPO
Flipkart has become the first Indian e-commerce platform to receive a Non-Banking Financial Company (NBFC) licence from the Reserve Bank of India, marking a significant milestone in its fintech journey. The licence enables Flipkart to independently offer credit products like personal and business loans via its main platform and fintech app, super.money.
This strategic shift allows Flipkart to move beyond partnerships with banks such as Axis Bank and IDFC First Bank, positioning it as a direct lender. While the NBFC licence prohibits deposit-taking, it opens doors to a more autonomous and potentially profitable financial services model.
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The move comes as Flipkart gears up for a domestic IPO and relocates its holding structure from Singapore to India. Analysts view the NBFC licence as a game-changer that could reshape competition in India’s digital lending space, where global players like Amazon are also stepping up.
Flipkart plans to roll out its lending services in the coming months, aiming to simplify credit access for consumers and small businesses. The initiative aligns with India’s growing digital economy and underscores the company’s intent to expand its financial services footprint at scale.
Disclaimer: This post is for general informational purposes only. It does not constitute financial advice. Please consult a qualified professional before making financial decisions.
