Slice has opened its UPI credit card to all users after a phased rollout that began in July 2025. The product was earlier available on an invite only basis and has built a waitlist of over 1.2 million customers.
The company said that the card is free with no joining fee, annual fee or maintenance charge. Payments can be made via QR code or UPI ID similar to standard UPI transactions. Users can convert spends into three monthly installments at no additional cost through its slice in 3 feature. The card also supports international transactions with no forex markup and is accepted across more than 200 countries.
Slice claims the product enables access to no cost installment based credit for nearly 300 million Indians across 65 million merchants on UPI. This makes it one of the largest deployments of such credit infrastructure globally.
The company has also introduced rewards on all transactions, with a focus on small ticket and high frequency UPI payments. Its underwriting relies on transaction behaviour to assess creditworthiness and increase limits over time.
Founded as a digital first banking platform, Slice offers products such as savings accounts, fixed deposits, UPI payments, credit and lending solutions. It is backed by investors including Tiger Global, Insight Partners and Advent International.
Recently, the Rajan Bajaj-led company appointed Sreedevi Pillai, former Chief General Manager Risk Management at State Bank of India (SBI), as an Independent Director Non Executive to its Bank Board.
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