Last Updated:June 06, 2025, 09:58 IST
Flipkart becomes first major ecommerce to get the RBI licence to work as an NBFC.
Flipkart gets RBI licence to become an NBFC for digital lending. (Representative/PTI)
Flipkart has successfully secured a Non-Banking Financial Company (NBFC) license from the Reserve Bank of India (RBI), allowing it to facilitate lending business independently. This license allows Flipkart to provide loans directly to both customers and sellers on its platform. It marks a pivotal moment in the e-commerce journey that has so far depended on third-party.
Flipkart Finance Private Limited received its registration certificate in March 2025, making Flipkart the first major Indian e-commerce firm to gain such authorization.
Currently, Flipkart collaborates with financial institutions like Axis Bank and IDFC First Bank to offer consumer loans. The new NBFC license enables Flipkart to independently enter the lending market.
Flipkart is reportedly planning to offer loans directly via its e-commerce website and its fintech application – super.money.
Walmart acquired a majority stake in Flipkart in 2018 at a deal worth $16 billion.
Boosting Profitability and Financial Services
Flipkart’s move into direct lending is anticipated to enhance its profitability while improving financial services for its extensive user base. The company plans to integrate lending solutions into its e-commerce platform and the Super Money fintech app, offering personal loans and credit options to both buyers and sellers.
India’s Lending Market Growth
A PwC report highlights that India’s lending market has grown significantly over the past five years, from FY18 to FY23, with a CAGR of 14.8 percent.
From FY21 to FY24, the number and value of loans disbursed by FinTechs have increased dramatically, with a CAGR of 81% (from 1.72 crores to 10.19 crore) and 46% (from INR 0.47 lakh crore to INR 1.46 lakh crore), respectively. The growth is attributed to innovations by FinTechs, leveraging technology to expand their reach, automate operations, and improve credit access.
PwC report states that a significant majority of digital lending, amounting to 96% of the value of disbursed digital loans by FinTechs, has been in the form of personal loans – predominantly below INR 5,000.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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