Exclusive: Walmart's Flipkart secures approval for direct lending in India
1. Walmart's Flipkart gets a lending license from India's banking regulator. 2. This enables Flipkart to offer loans directly, enhancing its service offerings.
FAQ
Why Bullish?
Obtaining a lending license can boost Flipkart's revenue and market position. Historical context shows that expanding financial services increases profitability and customer retention.
How important is it?
The license is a significant step forward for Flipkart, indicating Walmart's commitment to enhance its footprint in the competitive Indian market.
Why Long Term?
This development positions Flipkart for sustained growth by diversifying its revenue streams, akin to other successful e-commerce platforms globally.