Walmart-owned Flipkart has introduced its personal loans program in India.

 

Walmart-owned Flipkart has introduced its personal loans program in India.  The company claims users will be able to receive up to $6,100 within 30 seconds without any required documents. The e-commerce company already offers financial services such as a buy now, pay later option and a branded credit card. Flipkart will provide the loans in partnership with Axis Bank. Based in Bengaluru, Flipkart has over 30,000 employees and more than 167 million website visitors monthly. Founded in 2007, the company was acquired by Walmart in 2018. Walmart also owns PhonePe, which offers similar fintech services for the Indian market.