<ul><li>Flipkart has become the first major Indian online retailer to receive a non-banking financial company (NBFC) license from the Reserve Bank of India (RBI).</li><li>The license allows Flipkart to lend directly to customers and sellers without the involvement of partner banks or third-party NBFCs, marking a significant development in how credit is delivered on Indian e-commerce platforms.</li><li>While Flipkart cannot accept deposits under NBFC norms, it can offer various loan products such as short-term personal loans, EMIs, and working capital credit for its seller ecosystem.</li><li>The company plans to make credit more accessible by leveraging internal data and behavioral insights, with the license expected to unlock deferred payment options and customised credit lines for users and merchants.</li></ul>

Flipkart becomes first major Indian online retailer to receive NBFC license from RBI

Discover more