Context:
Fintech startup Slice has launched a new UPI-powered credit card, called the Slice Super Card, along with India’s first physical UPI-centric bank branch and ATM in Bengaluru. The initiative aims to revolutionize how Indians access and use credit through digital platforms.
Key Features of the Slice Super Card
- No joining or annual fees.
- Offers UPI-based credit payments—users can pay by scanning QR codes or making UPI transactions directly from a pre-approved credit line.
- “Slice in 3” feature: lets users split payments into three interest-free installments.
- The card integrates digital credit with India’s most used payment system—UPI, enabling seamless offline and online purchases.
India’s First UPI-Focused Bank Branch & ATM
- Location: Koramangala, Bengaluru
- Facilities include:
- Instant online onboarding
- Kiosk-based account opening
- Cash deposit and withdrawal via UPI-enabled ATM
- 24×7 automated customer support
- A digitally self-service banking experience
This marks a significant shift in traditional banking infrastructure toward cashless and frictionless digital banking, focused on ease and inclusion.
Objective: Financial Inclusion Through UPI Credit
- Although 200+ million Indians use digital payments, access to formal credit remains limited.
- Slice, now merged with North East Small Finance Bank, operates as a full-stack bank, controlling its own infrastructure and licenses to serve broader credit needs.
- Goal: Deliver real-time credit at point-of-sale using mobile and UPI, especially to underserved customers and merchants.
