SpaceBar
TF Premier
Still they can continue wallet together with these things. I am just skeptical how many days they can give 5.5% interest on savings.
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Slice Savings Account (Wallet Discontinued)
- Thread starter varun__goel_
- Start date
- Replies 315
- Views 23K
praful47
TF Legend
I BET YOU TO KNOW THIS
🍕 SLice main objective was a credit card business from starting .
But when their father RBI told that
"tum idiot ho , tum gadhe ho , abhi tumhe knowledge nahi hai "
Their business got down 😓
Now being an ambitious son they tricked their father .
They merged with different lenders and gave loans in the name of credit line .
This ambitious son survived through this business.
After this they merged to NORTH EASTERN SMALL FINANCE BANK
Ye konsa bank hai 🤔
Offered wallet borrow then savings account.
At last bank name got changed to
OFFICIAL SLICE SMALL FINANCE BANK .
According to father RBI now son has become mature , that ambitious son proved his talent and now ladies and gentlemen coming back to objective
SLICE CREDIT CARD .
🍕 SLice main objective was a credit card business from starting .
But when their father RBI told that
"tum idiot ho , tum gadhe ho , abhi tumhe knowledge nahi hai "
Their business got down 😓
Now being an ambitious son they tricked their father .
They merged with different lenders and gave loans in the name of credit line .
This ambitious son survived through this business.
After this they merged to NORTH EASTERN SMALL FINANCE BANK
Ye konsa bank hai 🤔
Offered wallet borrow then savings account.
At last bank name got changed to
OFFICIAL SLICE SMALL FINANCE BANK .
According to father RBI now son has become mature , that ambitious son proved his talent and now ladies and gentlemen coming back to objective
SLICE CREDIT CARD .
praful47
TF Legend
Agar nahi dega to unka loss
SpaceBar
TF Premier
That's right. BNPL has no issues. Just it was not profitable for customer as well as fintechs at that time.
I believe PayTM actually started QR based fund transfer between their wallets before even UPI. Then RBI came into action, setup NPCI (NPCI was already there) and UPI invented.
Aniket
TF Prestige
SpaceBar
TF Premier
They started first with BNPL (which is a credit instrument) since in India you can't distribute a credit card with out partnering with a bank. Therefore idhar BNPL ka baat ho Raha hai, kiyuki slice credit instrument lana chata hai, jo RBI ne BNPL is bad for the society karke band kar diya tha. BNPL is not bad. It was not profitable for both at that time.
Credit Card and BNPL is different, everyone knows. And here they are not different. What @praful47 said, their main intention is to launch a credit instrument. O CC mai ho yaha BNPL se. Profit to idhar hi hai.
Aniket
TF Prestige
Lol 🤣, we were discussing about wallet / prepaid card (PPI) not BNPL.
SpaceBar
TF Premier
You just read few previous chat and try to connect with it. Otherwise you will not understand what one want to say. Just a suggestion.
Slice is launching a Rupay credit card. The BNPL thing started from that chat. Try to connect.
Aniket
TF Prestige
Bhai jee yaha BNPL kaha se aagya?🤣
BNPL jisko kind of credit card ke tarah use kar raha tha usko bhuat pehle RBI regulate karke halt kar diya sabko pata hai, wo ussi ke liye hi famous huwa tha toh merger ke baad it's obvious wo Credit Card ka field mein aayega hi ...
Yaha discussion ho raha tha Wallet/ Pre-paid Card discontinue karne ka decision ke bareme...toh usko back karne ke liye @praful47 bola ki credit card launch karna tha promote karna tha issi liye wallet/ prepaid card ko band kar raha to which I said both are totally different products, dono ko side by side le ja sakta tha, credit card credit worthiness ke basis pe dega jo sabko nahi milega toh jisko nahi milega aur wo SA upgrade mein bhi interested nahi hai toh ultimately customer base kharab hoga ...
Misunderstanding ka jadd:
Wallet and Credit ke jagh past ka baat BNPL ka angle reasoning laga rahe hain wallet discontinue karne ka ye @praful47 bro 🤣
Aniket
TF Prestige
Chai bhi chahiye uncle? 🙄
SpaceBar
TF Premier
Just finish this argument. All are correct and wrong. This is a chatbfor wallet, Praful started credit card, I started BNPL which is how slice started journey and aniket is to stick with the original chat. Nothing wrong, nothing right.
SMS91
TF Select
How hard is it to upgrade to a savings bank account? I've been using Slice Wallet for over a year. Today, I tried to upgrade—Slice pulled my details from DigiLocker and completed the VKYC, but then rejected the application, stating they are unable to open a savings bank account due to internal policy.
Aniket
TF Prestige
Weird:
Something went wrong during VKYC? 😐
Attach screenshot of the rejection.
Have you tried contacting to customer support? What was the reason given?
surojitLaha
TF Ace
It's because you already have an account/fd with them
SMS91
TF Select
I don’t have any FD or account with Slice or North East Small Finance Bank. I contacted chat support, and they also said the same thing — unable to open a savings account due to internal policy. I’ve now emailed them, and they sent an automated reply saying I’ll get a response within 24 to 48 hours.
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