Current Affairs - Business - Discussion

Flipkart has become the first major Indian e-commerce platform to receive a Non-Banking Financial Company (NBFC) licence from the Reserve Bank of India. This licence allows Flipkart to lend directly to its customers and sellers, enabling it to operate independently in the credit space without intermediaries such as banks or third-party NBFCs. This move marks a significant fintech milestone for Flipkart, expanding its fintech ecosystem through its app, super.money, and transforming the online retail lending landscape in India.