Flipkart plans to enter Fintech space. Flipkart is developing a video based know-your-customer solution. The solution to offer instant credit to users purchasing from its platform. Flipkart is pilot testing the video based eKYC solution with 10K customer. Flipkart have already given loan to 1.2 Mn customers through its partners. Bid comes int time when BCG predicted Indian digital lending market’s potential to become $1Tn in next 5 years
