Walmart-owned Flipkart gets NBFC licence from the Reserve Bank of India
06 Jun 2025, 11:18 AMThis is the first time the central bank has granted a large e-commerce player in India a lending licence.
Team Head&Tale
Share the story on
Walmart-owned e-commerce platform Flipkart has received an non-bank finance company (NBFC) licence from the Reserve Bank of India (RBI).
This will allow Flipkart to offer loans directly to customers from its own books. This is the first time the central bank has granted a large e-commerce player in India a lending licence.
Earlier Flipkart offered loans in partnership with third-party lenders, including banks and NBFCs. Some of its lending partners, include Axis Bank, IDFC Bank and Credit Saison.
The central bank issued its certificate of registration to Flipkart Finance Private Limited on March 13, reported Reuters.
Walmart, which currently holds 80% stake in India's largest e-commerce platform, bought a majority stake in 2018. In April this year, Flipkart said that it plans to relocate its holding company from Singapore to India ahead of initial public offering.
Flipkart, last valued at $37 billion in 2024 when it raised $1 billion in a funding round led by Walmart.
Who Reads Us
“I enjoy reading The Head and Tale for their coverage on the Fintech landscape. The reporting is incisive and honest, and it demonstrates a sharp understanding of the industry and the issues that concern it. I'd like to extend my best wishes to Arti for her continued success.”
“Well-researched, informative and analysis based reporting makes an interesting read. 'The Head and Tale' news portal has been demonstrating this quite well covering fintech and emerging tech sectors. Their timely updates, exclusive stories and different perspectives on these sectors help me stay informed. Kudos to Arti Singh for pursuing her passion and best wishes to the team.”
“The Head and Tale stands out for its deep industry knowledge and impressive network of sources. I especially appreciate that the reporting remains independent, rarely resorting to paid puff pieces, making it a publication I can genuinely trust. Having followed Arti’s work for years, I’ve come to rely on The Head and Tale for its unparalleled insight and truly independent coverage. Arti’s long-standing presence in the sector means her reporting is always informed, with access few can match.”
“What I really appreciate about The Head and Tale is that it doesn’t just report the news, it interprets it. The stories are well-researched, comprehensive, and bold. Arti brings a fearless lens to reporting, often asking the uncomfortable but necessary questions. She makes you pause, reflect, and rethink what it all means for the payments and fintech ecosystem. It’s rare to find journalism that’s this sharp, timely, and relevant to the work we do every day.”
“I’ve always valued journalism that goes beyond surface-level headlines. The Head and Tale does exactly that - it connects the dots, asks the tough questions, and brings clarity to the shifts shaping our evolving industry. I’ve even encouraged my team members to subscribe, because staying informed through credible, deeply reported stories is as important as building products. For me, The Head and Tale has become part of essential reading.”
Related News
