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Flipkart, owned by Walmart, gets India's first e-commerce lending license to offer direct loans.
Flipkart, India's largest e-commerce site and a Walmart subsidiary, has received a lending license from the Reserve Bank of India, allowing it to offer loans directly to customers and sellers.
This is the first such license granted to a major e-commerce player in India.
Flipkart plans to start lending through its platform and fintech app, super.money, within a few months after completing internal processes.
The move aims to enhance customer experience and streamline operations, potentially boosting profitability.
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Flipkart, propiedad de Walmart, obtiene la primera licencia de préstamos de comercio electrónico de la India para ofrecer préstamos directos.