Amazon (AMZN) is planning to offer small businesses in India with loans while Flipkart is similarly looking to add buy-now, pay-later products, BNPL, Ashwin Manikandan and Jaspreet Kalra of Reuters reports. Earlier this year, Amazon acquired Axio, a BNPL company that plans to offer credit for small businesses and start offering cash management solutions. Flipkart, which Walmart (WMT) has an 80% stake in, registered its non-banking lending arm earlier in the year and is planning two pay-later offerings. Flipkart expects to begin offering these products next year, a source with knowledge of the plans told Reuters.
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