Bengaluru-based fintech company Slice has officially opened its UPI-powered credit card to all users, marking a major milestone after months of limited access.
The product was first introduced in July 2025 on an invite-only basis. Since then, it has generated huge interest, building a waitlist of over 1.2 million users. Now, anyone can access the card, making it one of the most widely available credit innovations in India today.
What Makes Slice’s UPI Credit Card Different
A Credit Card That Works Like UPI
Slice is blending two popular financial tools — credit cards and UPI — into one seamless experience.
Users can:
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Pay via QR codes
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Use UPI IDs
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Make everyday transactions just like regular UPI apps
The key difference? You’re using credit instead of directly spending from your bank account.
Zero Fees — A Big Attraction
One of the biggest highlights of Slice’s offering is its zero-fee structure.
There are:
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No joining fees
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No annual charges
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No maintenance costs
This removes one of the biggest barriers for users who are hesitant to get a traditional credit card.
“Slice in 3”: Buy Now, Pay Later — Without Extra Cost
Easy Installments
Slice allows users to convert their spending into three monthly installments using its “slice in 3” feature.
What stands out is:
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No additional cost
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No hidden charges
This makes it easier for users to manage expenses without worrying about high interest rates.
Global Usage Without Forex Charges
Another strong feature is international usability.
The card:
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Works in over 200 countries
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Has zero forex markup
This is especially useful for travelers and users making international payments, where traditional cards often charge extra fees.
Aiming to Expand Credit Access in India
Reaching Millions of Users
Slice claims that its UPI credit card can enable access to installment-based credit for nearly 300 million Indians.
It is also compatible with:
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Around 65 million merchants on UPI
This scale makes it one of the largest deployments of credit infrastructure built on top of UPI.
Rewards for Everyday Spending
Focus on Small Transactions
Unlike traditional credit cards that focus on big purchases, Slice is targeting small, frequent payments.
Users can earn rewards on:
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Daily UPI transactions
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Small ticket purchases
This aligns with how most Indians use digital payments — frequently and in smaller amounts.
Smarter Credit Decisions Using Data
Behavior-Based Underwriting
Slice is using transaction behavior to assess a user’s creditworthiness instead of relying only on traditional credit scores.
This approach allows:
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New users to access credit more easily
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Credit limits to increase over time based on usage
It opens the door for many users who may not have had access to credit before.
Why This Launch Matters
A Big Shift in Digital Payments
India’s UPI ecosystem is already one of the largest in the world. By adding credit to it in a simple and accessible way, Slice is pushing the next phase of digital payments.
Competing with Traditional Credit Cards
With zero fees, flexible repayment, and UPI integration, Slice is directly challenging traditional credit cards, which often come with:
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Annual fees
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Complex reward systems
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High interest rates
What Could Be the Challenges
While the product is promising, there are a few challenges to watch:
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Managing credit risk at such a large scale
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Ensuring responsible usage among new-to-credit users
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Competing with banks and other fintech players entering the same space
Final Thoughts
Slice’s decision to open its UPI credit card to everyone is a bold step that could reshape how Indians use credit.
By combining the simplicity of UPI with the flexibility of credit, the company is making borrowing more accessible, transparent, and user-friendly.
If it succeeds, this model could become the future of everyday payments in India — where users don’t just pay instantly, but also pay smarter.
