Amazon is set to enter the Indian financial sector by offering loans to small businesses, directly competing with established local banks. This initiative follows the acquisition of Bengaluru-based non-bank lender Axio earlier in the year. The company plans to provide credit and cash management solutions tailored for merchants and small enterprises to improve their cash flow and unlock capital. This expansion into financial products is a significant step for the e-commerce giant in one of its key international markets. Walmart-owned competitor Flipkart is also reportedly pursuing a similar strategy with buy-now, pay-later products. The move signals a broader trend of major tech companies leveraging their vast customer and merchant networks to expand into the lucrative financial services industry in India. No specific market reaction has been reported yet.