Walmart-owned Flipkart has received a Non-Banking Financial Company (NBFC) license from the Reserve Bank of India (RBI), enabling it to offer loans directly to customers and sellers on its platform. This marks the first time a major Indian e-commerce company has been granted such authorization. The license was officially issued in March 2025 to Flipkart Finance Private Limited.

With this license, Flipkart can now extend credit from its own financial resources, moving away from its previous model of facilitating loans through partnerships with banks and NBFCs. This strategic shift allows Flipkart to have greater control over its lending operations and potentially increase profitability.

The company plans to commence its lending operations within a few months, pending internal approvals. Loans are expected to be offered through Flipkart’s e-commerce platform and its fintech app, super.money.

This development is part of Flipkart’s broader strategy to expand its ecosystem beyond e-commerce, including a shift of its holding company from Singapore to India and preparations for a public listing.

sources