Exclusive-Amazon, Flipkart take aim at India's banks with new consumer loan offerings

By Ashwin Manikandan and Jaspreet Kalra MUMBAI (Reuters) -Amazon is preparing to offer loans to small businesses in India, while Walmart-owned Flipkart is looking at buy-now, pay-later (BNPL) ​products as the e-commerce giants take on the country's banks with a push into financial products. Amazon acquired ‌Bengaluru-based non-bank lender Axio earlier this year. Currently focused on BNPL and personal loans, Axio will re-embark on offering credit for small businesses ‌and start offering cash management so ...