PYMNTS.com·2025-12-01 01:48Core Insights - Retail giants Walmart and Amazon are expanding their lending operations in India, targeting small businesses and eCommerce shoppers [2][4] Group 1: Amazon's Initiatives - Amazon plans to offer loans to small business owners in India, having acquired the nonbank lender Axio, which provides BNPL and personal loans [2] - The company aims to design tailored lending propositions to enhance cash flow management for merchants and small businesses [3] Group 2: Walmart's Flipkart Developments - Flipkart, owned by Walmart, is exploring buy now, pay later (BNPL) products and has registered its nonbank lending arm, Flipkart Finance, awaiting regulatory approval [4] - Flipkart plans to offer no-cost monthly installment loans for eCommerce shoppers and loans for consumer durables with interest rates between 18% and 26% per year, expected to launch next year [4]