Bengaluru gets India's first fully UPI-powered bank branch as Slice launches physical outlet. Video
Also Read - Bengaluru: Daughter of murdered top cop Om Prakash vandalises milk booth, case filed
The branch, located on 80 Feet Road, an area closely associated with Bengaluru's startup activity, allows customers to deposit and withdraw cash using UPI instead of traditional cards. The setup includes digital kiosks, where customers can open savings accounts using tablets, and a robot that helps guide users within the premises.
Take a look at the video
The initiative has attracted attention on social media after a video of the branch went viral, showing the robot assistant and UPI-based banking processes in action. A post by the account 'Peak Bengaluru' described the facility as 'a full-blown UPI bank branch,' highlighting its departure from conventional banking, with no forms or debit cards involved.
Also Read - Siddaramaiah responds to Kiran Mazumdar-Shaw's criticism, says 'Seeking answers is our duty, not blame'
Slice has also rolled out a UPI-linked credit card, which comes with no annual or joining fees, and allows users to make payments through QR codes by drawing directly from their credit line. The card offers up to 3% cashback on purchases and a 'slice in 3' feature that enables splitting payments into three interest-free instalments.
The new branch has been positioned as a pilot for what could be a wider rollout of similar UPI-based banking formats. Customers visiting the branch can perform basic banking tasks such as cash deposits, withdrawals, and account setup with minimal human interaction and full UPI integration.
Social media reactions to the new model have been largely positive, with several users praising the convenience and speed of the UPI-based setup. Influencer couple Abhi and Niyu, in a post on X, called it a "proud moment for innovation in India", pointing out that the branch eliminates paperwork and reduces wait times through digital onboarding.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
24 minutes ago
- Hindustan Times
Accused No 27: ‘Transported 50 kg gold' and more, what chargesheets against Nirav Modi's brother Nehal say
Born and raised in Belgium's Antwerp, Nehal Deepak Modi is a high-profile diamond merchant, a global citizen fluent in English, Gujarati and Hindi, and fugitive fraudster now arrested in the US on India's request. Nehal Modi, 46, is a Belgian citizen, seen here in an image from some years ago.(X/@SunilKu94764515) He is also Accused Number 27 in a chargesheet by India's Central Bureau of Investigation (CBI) that accuses him of destroying evidence to cover up a criminal conspiracy. At the core of this conspiracy is his brother Nirav Modi, who is in jail in the UK, and over ₹13,000 crore in fraudulent loans taken from the government-run Punjab National Bank (PNB). Also read: Who is Nehal Modi, arrested in US? His loan-and-pawn diamond fraud runs wide US authorities have arrested Nehal, 46, eight years younger to brother Nirav, on extradition pleas by India's Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI), officials said on Saturday. His next hearing is on July 17, when he may seek bail, which is expected to be opposed by US prosecutors, officials said, according to news agency PTI. In the proceedings in the US, two charges are primary: of money laundering and criminal conspiracy. The investigation agencies say Nirav Modi had, through his companies, embezzled ₹6,498 crore from PNB, while the remaining amount was misappropriated by his uncle Mehul Choksi in a similar modus operandi. 'Forced directors to lie, relocate' Nehal laundered the proceeds of the crime on behalf of Nirav through a web of shell companies and offshore transactions, as per the ED. He transported 50 kg of gold and 'substantial' cash from Dubai, the chargesheet says. In a supplementary chargesheet submitted by the CBI, he is 'accused number 27' for destroying evidence in Dubai. The CBI says Nehal Modi intimidated directors of Dubai-based shell companies used by Nirav Modi to 'give a veneer of legitimacy' to a fraudulent trade, PTI has reported. These 'intimidated' people, employees of Nirav Modi's companies, were 'coerced' into relocating from Dubai to Cairo, during which their phones, laptops and computer servers were destroyed to erase evidence.
&w=3840&q=100)
Business Standard
33 minutes ago
- Business Standard
Himachal first to use Aadhaar face recognition for ration distribution
Himachal Pradesh became the first state in the country to introduce Aadhaar-based face authentication (FaceAuth) for the distribution of ration to eligible beneficiaries under the Public Distribution System (PDS), officials said on Saturday. Until now, authentication was carried out using either OTP-based or biometric methods. However, frequent challenges such as SMS delivery failures and biometric mismatches at the UIDAI end were causing inconvenience to the beneficiaries, Gokul Butail, Principal Advisor to the Chief Minister, said in a statement. With the launch of the FaceAuth mechanism, the process has now been streamlined and made more accessible, Butail noted, adding that, unlike traditional methods, this new facility uses a mobile camera via an app installed on the fair price shop (FPS) owner's smartphone, enabling direct facial authentication of beneficiaries. "In a significant technological advancement, the department of Digital Technologies and Governance (DDTG), Himachal Pradesh, has introduced Aadhaar-based face authentication (FaceAuth) for the distribution of ration to eligible beneficiaries under the Public Distribution System (PDS)," Butail said. He emphasised that this pioneering initiative underscores the state's commitment to leveraging digital technology for enhancing public service delivery and promoting inclusive access to essential services. The new system is expected to improve the authentication success rate and reduce verification time, ensuring a faster and more efficient ration distribution process, the statement added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
The Print
35 minutes ago
- The Print
Himachal becomes first state to launch Aadhaar-based face authentication for ration distribution
Shimla, Jul 5 (PTI) Himachal Pradesh became the first state in the country to introduce Aadhaar-based face authentication (FaceAuth) for the distribution of ration to eligible beneficiaries under the Public Distribution System (PDS), officials said on Saturday. Until now, authentication was carried out using either OTP-based or biometric methods. However, frequent challenges such as SMS delivery failures and biometric mismatches at the UIDAI end were causing inconvenience to the beneficiaries, Gokul Butail, Principal Advisor to the Chief Minister, said in a statement.
