Thursday
July 5
2018

Flipkart Seeking NBFC License; Soon to Venture into Fintech Space

By Vanita D’Souza

Flipkart is in news again as the e-commerce giant is all set to step its foot in the fintech space with the company now planning to offer credit and insurance products to its customers and sellers.

Several Indian publications reported that the Bangalore based company is right now in the middle of applying for its NBFC license. The credit option would be first made available to its Flipkart’s sellers and customers and with time, the company will expand its financial services offerings beyond its platform.

Photo courtesy of Meena Kadri.

Source: Entrepreneur India (link opens in a new window)

Categories
Inclusive Fintech
Tags
e-commerce, financial inclusion, fintech, FlipKart, India, mobile money