Amazon & Flipkart Dive into Indian Financial Sector
Update: 2025-11-28
Description
Amazon and Flipkart are expanding into Indias financial sector, offering loans and financial products. Amazon acquired Axio, a non-bank lender, to provide credit for small businesses and cash management solutions. They plan to offer no-cost monthly installment loans and consumer durable goods loans with competitive interest rates. Flipkart is set to launch financial products next year, intensifying competition in the market.
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