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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

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EarthDragon

Stealth

7 months ago

Have to raised the next few 100m$ da! In the name of finance for Bharat ;-)
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EarthDragon

Stealth

7 months ago

Raise
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MicahBell

Startup

7 months ago

Perhaps they want a small "slice" of the market share as well.
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Tetris2013

Swiggy

7 months ago

Groww also has added UPI a few months ago i barely use the same
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Brutallyhonest

Stealth

7 months ago

No more innovation, copy paste strategy from Chinese head
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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.
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BinaryBillionaire

Stealth

7 months ago

I feel this is the last desperate attempt to stay relevant
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Lord

Samsung

7 months ago

They are trying to create an alternative of cred I guess. Credit card + UPI
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MuchosGracias

Stealth

7 months ago

How did you arrive at this? Nothing is mentioned in the ad :/
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Lord

Samsung

7 months ago

That's why it is a guess.
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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.
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BronzeStop

Venture Capital

7 months ago

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.
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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.
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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.
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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
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