Flipkart’s NBFC Booster Shot

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SUMMARY

It’s the first ecommerce marketplace in India to go this way, and Flipkart’s entry could open up an NBFC rush

More than a year ago, when we unpacked Flipkart’s fintech ambitions, we never expected this new vertical to become the focal point for Flipkart. But now, with an NBFC licence, the ecommerce giant is about to enter a new era.

This is not just about enabling loans for its marketplace users (consumers and sellers) as an RBI-regulated lender – Flipkart can lend to other digital lending apps too. It’s…



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Flipkart’s NBFC Booster Shot


SUMMARY

It’s the first ecommerce marketplace in India to go this way, and Flipkart’s entry could open up an NBFC rush

More than a year ago, when we unpacked Flipkart’s fintech ambitions, we never expected this new vertical to become the focal point for Flipkart. But now, with an NBFC licence, the ecommerce giant is about to enter a new era.

This is not just about enabling loans for its marketplace users (consumers and sellers) as an RBI-regulated lender – Flipkart can lend to other digital lending apps too. It’s…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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