In a significant advancement for India’s financial ecosystem, slice has successfully merged with North East Small Finance Bank (NESFB), effective 27th October 2024. This merger marks a transformative step, combining slice’s innovative approach to consumer payments with NESFB’s trusted banking services, creating a robust entity focused on enhancing financial mobility across the nation.
Reflecting on the merger, Rajan Bajaj, Founder & CEO, slice and Executive Director of the merged entity, said, “For over a year, the teams at slice and NESFB have worked tirelessly to make this merger a reality… We’re especially committed to strengthening our roots in the Northeast, striving to bring more people into the formal banking system.”
In Gangtok, this merger presents a unique opportunity to revolutionize access to banking services. With plans to introduce state-of-the-art digital banking solutions, local consumers can expect increased convenience and efficiency in managing their finances. This integration promises to drive economic growth in Gangtok by fostering entrepreneurship and supporting small businesses with tailored financial products. As the merged entity prioritizes innovation, Gangtok’s residents are set to experience a new era of banking that enhances their financial mobility and inclusion.
