UPI Credit Card Launch by Slice

Bengaluru based Slice has made its UPI credit card available to all users following a gradual rollout that started in July 2025. Previously, this product was only accessible on an invite-only basis and has garnered a waitlist of over 1.2 million customers.

The company highlights that the card comes without any joining fees, annual charges, or maintenance fees. Users can make payments using QR codes or UPI IDs, akin to traditional UPI transactions. Additionally, users can convert their expenses into three monthly instalments at no extra cost using the slice in 3 feature.

This card supports international transactions without any foreign exchange markup and is accepted in over 200 countries. Slice asserts that the product provides nearly 300 million Indians access to cost-free installment-based credit, involving around 65 million UPI merchants. This positions it among the largest implementations of such credit infrastructure on a global scale.

Rewards and Underwriting Approach

Furthermore, the company has introduced rewards on all transactions, emphasising small-ticket and frequent UPI payments. The underwriting process relies on transaction behaviour to evaluate creditworthiness, facilitating increased limits over time.

About Slice

Founded as a digital-first banking platform, Slice offers various products including savings accounts, fixed deposits, UPI payment solutions, and lending services. It is supported by prominent investors such as Tiger Global, Insight Partners, and Advent International.

In recent developments, the company, led by Rajan Bajaj, appointed Sreedevi Pillai, the former Chief General Manager of Risk Management at State Bank of India (SBI), as an Independent Non-Executive Director on its Bank Board.