In a landmark move, Flipkart has received a Non-Banking Financial Company (NBFC) license from the Reserve Bank of India, allowing it to directly offer loans to customers and sellers on its platform. This makes Flipkart the first major Indian e-commerce company to gain such approval, enabling it to operate independently of traditional banking partnerships for offering credit—a potentially more profitable model.
The RBI granted the license to Flipkart Finance Private Limited on March 13, 2025. While Flipkart has not officially commented, the company is expected to begin lending operations within a few months, pending internal processes like appointing key staff and finalizing business plans. Flipkart aims to offer credit through its e-commerce platform and fintech app super.money. Currently, it provides loans via partners such as Axis Bank, IDFC Bank, and Credit Saison. Flipkart was last valued at $37 billion in 2024, and Walmart plans to shift its holding company to India and eventually take the company public.
