Business
Fintech unicorn slice set to shake up India's crowded UPI market

New Delhi, March 30
Fintech unicorn slice is reportedly gearing up to enter the crowded Unified Payments Interface (UPI) market dominated by PhonePe and Google Pay.
With over 8 million registered users, slice is India's best credit card challenger to pay bills, manage expenses, and unlock rewards.
According to a TechCrunch report, citing sources, slice plans to introduce "UPI payments for its users within weeks".
The platform is currently "testing the new payments method within the firm", the report said on Wednesday.
Responding to an IANS query, the company said it is unable to divulge any further details at the moment.
slice is backed by leading investors such as Tiger Global, Insight Partners, Advent International, Blume Ventures, and Gunosy Capital, has cumulatively raised $240 million and is currently valued at over $1 billion.
The current UPI market is led by Walmart-backed PhonePe, Google Pay, and Paytm.
In the month of February, India's cashless retail transactions on UPI platform were worth Rs 8.27 lakh crore, slightly lower than the previous month, according to latest data from the National Payments Corporation of India (NPCI).
There were a total of 452 crore (4.52 billion) transactions in February.
In January, the value of cashless retail transactions on the BHIM UPI platform were Rs 8.32 lakh crore while the total number of transactions was at 461 crore, the NPCI data showed.
The Indian UPI market may soon see another new competitor in the Tatas, which is reportedly seeking clearance from the NPCI to start UPI operations as a third-party payments service provider.

10 hours ago
Gujarat Bridge Collapse: Lives Lost, Travel Hardship; 50 km Extra Distance to Cover

13 hours ago
St. Jude Cancer Survivor Comes Full Circle

14 hours ago
PM Modi's global honours tally climbs to 27 after receiving Namibia's highest civilian award

14 hours ago
Elon Musk says exposing Jeffrey Epstein files 'top priority' for America Party

14 hours ago
ITServe Synergy 2025 in Puerto Rico To Connect – Lead – Inspire IT Leaders From Across the Nation

14 hours ago
Mr. Universe title for Kottayam native: First Indian to achieve this historic feat.

15 hours ago
Trump to announce new trade tariffs for 'a minimum of seven countries

16 hours ago
Elon Musk says exposing Jeffrey Epstein files 'top priority' for America Party

16 hours ago
Bangladesh-US second round tariff talks begin amid looming 35% US tariffs

17 hours ago
Shubhanshu Shukla experiments sprouting green gram, fenugreek seeds in space

19 hours ago
Here’s how Kriti Sanon embraces her inner ‘90s kid’ through music

19 hours ago
Offending portions removed from 'Udaipur Files': CBFC to Delhi HC

19 hours ago
Khushi Mukherjee opens up about her bold new avatar on Munawar Faruqui’s show ‘The Society’