Friday, 28 November, 2025
E-Commerce Giants Amazon, Flipkart Enter India's Consumer Loan Market
Amazon and Flipkart are intensifying competition with Indian banks by launching new consumer loan products. Amazon, having acquired lender Axio, is planning to offer loans and cash management solutions for small businesses. Meanwhile, Walmart-owned Flipkart, through its non-bank lending arm, is awaiting final RBI approval to offer Buy Now, Pay Later (BNPL) and consumer durable loans, utilizing their vast customer data to target the growing credit market.
Read full story at Economic Times