Daily Current Affairs / Flipkart Receives RBI's Approval to Offer Direct Consumer and Seller Loans:
Category : Business and economics Published on: June 07 2025
Flipkart, owned by Walmart, has secured a Non-Banking Financial Company (NBFC) licence from the Reserve Bank of India (RBI), making it the first large e-commerce platform in India to receive such a license. This move enables Flipkart to directly lend to customers and sellers on its platform, although it cannot accept deposits under this licence. The move marks a significant shift in e-commerce-led financial services in India.
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