Slice Opens a New, UPI-powered bank branch in Koramangala
Following a merger with East Small Finance Bank, fintech company Slice launched its flagship credit card and super card, alongside the opening of its first digital-first bank branch in Bengaluru. The developments mark a significant step in slice’s efforts to combine formal banking infrastructure with a digital-first, product-led approach to consumer finance.
The new slice UPI-powered bank branch in Koramangala, Bengaluru, a first physical bank of the company, offers UPI-integrated services, self-service kiosks, and a UPI-enabled ATM.
Users can simply scan QR codes or make UPI payments, drawing effortlessly from their credit line. The slice UPI credit card rewards customers up to 3% cashback on all spends while the innovative slice in 3 feature offers an instant ability to convert spends into three interest-free instalments.
The slice UPI-first digital bank branch delivers:
- Complete UPI integration across every customer interaction
- Instant customer onboarding with streamlined processes
- Self-service digital experiences that prioritize efficiency
- UPI ATM services for seamless cash deposits and withdrawals
“In my 40 years of banking, I have witnessed several milestones, but I feel truly proud to be part of what I see as a revolution in how India will perceive banking and finance,” said Satish Kumar Kalra, MD & CEO of slice. “We are reimagining banking from first principles, building a system where technology, simplicity, and trust come together to serve every Indian. Credit on UPI will be the next big leap for credit access and inclusion in this country, and there is no better way to achieve it than by integrating the entire banking system around it. This is just the beginning of a journey that will redefine banking as we know it.”
slice, which recently merged with NESFB, is uniquely positioned in the market. Unlike much of the fintech industry that relies on third-party banking partners, slice operates as a bank, owning every element of its infrastructure — from core banking systems to advanced underwriting capability.
The start-up firm is backed by leading investors such as Tiger Global, Insight Partners, Advent International, Blume Ventures, and Gunosy Capital.
“Credit on UPI is going to be the natural next step for how India spends,” said Rajan Bajaj, Founder and Executive Director of slice. “The credit card is a 75-year-old product, but in India it must be reimagined, with UPI as the catalyst, to truly realise its potential. If we want to make UPI credit cards meaningful, we must focus on getting the credit part right. It cannot just be a digital layer on top of a traditional credit card.”
He adds: “The real opportunity is to deliver the right form of credit at the point of sale, through a mobile interface, for 300 million customers. Tens of millions of these merchants have never accepted credit cards before, so we must solve fraud at scale while also enabling credit for those who are truly creditworthy. And with slice UPI ATMs we want to reduce the cost of deposit and withdrawal of cash to a level that basic banking services are economically viable for a billion Indians in the future.”