Slice launched a…UPI app?
Why do this when there are no UPI fees and an abundance of UPI apps already? No hate. Just curious why they’d build this
EarthDragon
Stealth
7 months ago
Have to raised the next few 100m$ da! In the name of finance for Bharat ;-)
EarthDragon
Stealth
7 months ago
Raise
Brutallyhonest
Stealth
7 months ago
No more innovation, copy paste strategy from Chinese head
DaringTrain
Stealth
7 months ago
Disclaimer: This is my guess since you might immediately ask, "hOW dID yOU aRRIVE aT thIS JUST BY LOOKING AT THE AD". UPI is a great acquisition channel for credit. Now that Paytm may be out of the picture and credit on UPI booming, it makes sense for newer players to enter this. And slice already has experience of building good UX platforms.
BinaryBillionaire
Stealth
7 months ago
I feel this is the last desperate attempt to stay relevant
MuchosGracias
Stealth
7 months ago
How did you arrive at this? Nothing is mentioned in the ad :/
sleep
Stealth
7 months ago
Slice is an almost bank right now, remember? They bought a stake in North East small finance bank. They have a working app and they need about bank.
Bank has the license but no working app.
Slice is transitioning to a bank as they are merging with NE SFB. This is step 1 where they want people to use the app for more than credit needs, and then slowly they will start launching more bank like products like liabilities. Why UPI? Because it’s best way to attract DAC and multiple tails winds for some one to create another PP or GPay.
Indusplateau
Stealth
7 months ago
Npci has capped market share to 30% this has be achieved by 2024 end. They want to do this to avoid collapse of the system.
With Paytm out many apps will try to conquer.
Kamlesh
Stealth
7 months ago
Better question to ask is why not. Fintech is fintech, even banks have their own UPI applications when they don't need to. It all depends on how you want to capture and retain users.
CoolWaiver47
Stealth
7 months ago
UPI will start charging mdr soon. Wait and watch. Lot of pressure on govt that mdr needs to be charged