back Back

slice rolls-out its UPI-first account product for users in India

By Gloria Mathias

February 06, 2024

  • Advent International
  • Blume Ventures
  • Digital Payments

slice, Fintech news, fintech India, Fintech innovation, UPI First, UPI Account, digital Payments, slice, India’s FinTech startup, has announced the public release of its UPI first account, slice account. After a successful three-month beta testing period, primarily available to its existing customer base, slice is extending slice account services to all users.

The slice account has witnessed approval from the customers, who have quickly taken to its fast, integrated experience that combines user funds and digital payments within a single app infrastructure.

slice’s UPI first account offers a UPI handle (@slice) and a virtual account. The customers can effortlessly add money in the virtual account and spend via UPI or card, or link any other bank accounts they want, enjoying a seamless and fast UPI payment experience.

The firm simplifies the payment process by eliminating cross-selling and prioritising a user-friendly interface designed to save time. It includes autoload functionality for seamless transactions and automation of recurring payments. The design features a prominent chat icon for quick access to customer care, providing accessible user support.

Additionally, the product incorporates a gaming feature where each UPI transaction presents the chance to engage in “fire,” a game that offers the customers the chance to win twice the amount of their transactions in cashback, making it a fun payment experience.

slice successfully secured the final authorization from the RBI for its Prepaid Payment Instrument (PPI) license in September 2023, following the initial in-principle approval received in October 2022.

The full KYC prepaid account has been made accessible to everyone, including teenagers, broadening its user base. slice’s latest offering promises to significantly enhance and simplify the financial journeys of users across the board.

In the past, slice backed by investors such as Tiger Global, Insight Partners, Advent International, Blume Ventures, and Gunosy Capital, has cumulatively raised $290 million in its series A, B, and C rounds. The public release marks a milestone for slice in its mission to transform financial services in India.

Previous Article

February 06, 2024

Magnati & Al Etihad Payments to offer instant digital payments to merchants in the UAE

Read More
Next Article

February 06, 2024

Quick payouts and payment options are priorities for global online sports bettors, study shows

Read More

IBSi Daily News Analysis

bahrain, islamic finance

February 22, 2024

Advent International

What makes Bahraini Islamic Finance industry so robust

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


Visa unveils Singapore Innovation Center to advance payments systems

Read More


MultiPay teams up with to launch Pay By Bank

Read More


UNIPaaS unveils AI payment assistant solution for SaaS platforms

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023