Slice rolls out UPI credit card and opens UPI-powered bank branch in Bengaluru

Fintech company Slice has launched a UPI credit card and opened a UPI-powered physical bank branch in Bengaluru, following its merger with North East Small Finance Bank.

According to the company, the Slice UPI credit card comes with no joining or annual charges. Users can scan QR codes or make UPI payments to access their credit lines. The card offers up to 3% cashback on all spends and includes a feature called Slice in 3, which allows customers to convert purchases into three interest-free instalments.

The newly opened branch in Koramangala includes UPI-integrated services across customer touchpoints, self-service kiosks and a UPI-enabled ATM that supports both deposits and withdrawals. Customers can also open accounts and access other banking products at the branch.

The firm aims to integrate credit more closely with UPI and expand access to users outside the traditional credit ecosystem. Unlike most fintech companies that rely on third-party banking partners, Slice operates as a bank and controls its infrastructure, including core banking systems and credit underwriting.

Recently, Slice passed a resolution to rebrand North East Small Finance Bank as Slice Small Finance Bank. The company had announced the completion of the merger in October last year.

In a media interview on Saturday, Slice founder Rajan Bajaj said the bank has turned profitable on a monthly basis and the group is aiming to go public in the next three to four years.

The Bengaluru-based company has raised nearly $400 million in funding, including a $220 million Series B round led by Tiger Global and Insight Partners. According to startup data platform TheKredible, Tiger Global is the largest stakeholder, followed by Insight Partners.