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Flipkart, in which U.S. retail behemoth Walmart holds a more than 80% stake, applied for the licence in 2022, according to the central bank’s approval letter.
Walmart's Flipkart has obtained a lending licence from the Reserve Bank of India (RBI), allowing the e-commerce platform to provide loans directly to its customers and sellers.
Flipkart's new lending license in India allows Walmart's majority-owned e-commerce platform to make loans to its customers and to marketplace sellers.
Earlier, Walmart said that Flipkart witnessed double-digit revenue growth in Q1 FY24. ... Recently, it also forayed into the merchant lending space to take on fintech giant Paytm.
(Reuters) -Walmart's Flipkart has secured a lending licence from the Indian central bank and banking regulator, enabling it to offer loans directly to customers and sellers on its platform, a ...
Flipkart, last valued at $37 billion in 2024 when it raised $1 billion in a funding round led by Walmart, is shifting its holding company from Singapore to India. Walmart also aims to take the 17 ...
Walmart's Flipkart has secured a lending licence from the Indian central bank and banking regulator, enabling it to offer loans directly to customers and sellers on its platform, ...
(Reuters) -Walmart's Flipkart has secured a lending licence from the Indian central bank and banking regulator, enabling it to offer loans directly to customers and sellers on its platform, a ...
Walmart’s Flipkart has secured a lending licence from the Indian central bank and banking regulator, enabling it to... BML 5.10 Increased By 0.09 (1.8%) BOP 11.81 Decreased By -0.06 (-0.51%) ...
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