slice Opens UPI Credit Card to All Customers, Marking Major Expansion of AI-Driven Digital Banking in India

The slice UPI credit card is free to own and use, with no joining fee, no annual fee, and no maintenance charge of any kind. Payments through the card function like any other UPI transaction, whether through a QR code or a UPI ID. Customers can split payments into three monthly instalments at no extra cost through the “slice in 3” feature. The card also works internationally, offering no forex markup and acceptance across more than 200 countries.

The product is positioned to make no-cost credit instalments accessible to 300 million Indians across 65 million merchants on what is described as the largest payments network ever built. For context, the world’s largest buy-now-pay-later platforms together reach roughly 1.5 million merchants globally, highlighting the scale of the UPI ecosystem.

Announcing the rollout, Rajan Bajaj, founder and CEO of slice, stated in a tweet that the slice credit card is now live for everyone, acknowledging the patience of the 1.2 million waitlisted customers over the past few months and confirming that applications would be processed shortly while new ones are being accepted.

The card introduces a rewards system across all transactions, making it one of the first credit products in India to consistently reward small-ticket, high-frequency UPI transactions. With UPI already placing payments infrastructure in the hands of 300 million Indians, the card adds a credit layer designed around real spending behaviour, characterised by small amounts, frequent usage, and transactions across millions of merchants. slice’s systems assess creditworthiness based on real transaction behaviour, enabling responsible credit extension and incremental limit growth as user behaviour is demonstrated.

As part of its broader strategy, slice continues to position itself as a full-stack bank focused on reimagining consumer banking in India through simple, transparent, and technology-driven products. Its portfolio includes the slice savings account, slice fixed deposits, slice UPI, slice borrow, the slice UPI credit card, and India’s first UPI-led bank branch. The company operates with a mission to make banking faster, fairer, and easier for every Indian.

Backed by global investors including Tiger Global, Insight Partners, Advent International, Blume Ventures, and Gunosy Capital, slice’s expansion into UPI-based credit reflects a significant shift in India’s financial ecosystem. The large-scale rollout of a credit product built directly on UPI rails signals a transformation in how credit is accessed and utilised, reinforcing the integration of payments and lending within a unified digital infrastructure.