US EditionFlipkart Secures NBFC License From RBI—Becomes First Indian E-Comm Player to Offer Direct Lending
- On March 13, 2025, Flipkart, the Indian e-commerce company majority-owned by Walmart, was granted approval by the Reserve Bank of India to operate as a non-bank finance company , enabling it to provide loans directly to its customers.
- Flipkart applied for this licence in 2022 to enable direct loans, diverging from the common practice of e-commerce platforms providing credit via third-party banks or NBFCs.
- The licence lets Flipkart lend to both customers and sellers through its marketplace and fintech app, Super Money, while prohibiting deposit acceptance as per RBI rules.
- Flipkart, valued at $37 billion in 2024 after securing $1 billion in funding led by Walmart—which holds more than an 80% stake—is planning to relocate its parent company’s headquarters from Singapore to India.
- This licence marks the first instance of RBI granting an NBFC licence to a major Indian e-commerce player, signaling a strategic move toward digital financing and direct lending in the sector.
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The Reserve Bank of India (RBI) has granted Flipkart a non-banking financial company (NBFC) license, which will now allow Flipkart to provide loans directly on its e-commerce platform
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