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NewsVoir Bengaluru (Karnataka) [India], March 31: slice, India's first digital & AI native bank, today opened its UPI credit card to all customers. The card, which launched on an invite-only basis in July 2025, has built a waitlist of more than 1.2 million customers. This launch marks one of the first large-scale efforts to build a credit product natively on UPI rails. The card is free to own and use, with no joining fee, no annual fee, and no maintenance charge of any kind. Payments through t ...Read More >
The banking regulator, through its internal investigation, found Simpl to be in violation of the Payments and Settlement Systems Act, 2007." The Reserve Bank of India (RBI) has asked Bengaluru-based fintech startup Simpl to halt all payment operations. In a letter dated September 25, a copy of which was reviewed by ET, the central bank stated: "The entity is directed to immediately stop the business of payment systems carried out by involving functions of payment, clearing, and settlement." Si ...Read More >
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