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Spice money provides digital payment solutions to the underserved section of the society.
Spice money provides digital payment solutions to the underserved section of the society through its strong Agent Network using Semi-closed Wallet – SpiceMoney, enabling Direct Money Transfer (DMT). It is an assisted retailer model that allows cash transfer from retail locations & instant fund transfer to all bank accounts across India.
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Spice Money micro-ATM , in partnership with RBL Bank Ltd.
Spice Money micro-ATM , in partnership with RBL Bank Ltd., enables customers to perform basic banking transactions on his/her Aadhaar-linked bank account using Aadhaar authentication as the identifier.
The basic banking transactions are outlined below:
1.Balance Inquiry
2.Cash withdrawal
3.Cash deposit
4.Mini statement
Currently, only 3 million Point of Sale (POS) machines facilitates Debit/Credit Card payment.
Currently, only 3 million Point of Sale (POS) machines facilitates Debit/ Credit Card payment to Merchants. Spice Money Aadhaar Pay Solution for small merchant will enable over 660million+ Aadhaar linked bank account holders to transact card-less transaction across merchant locations which will solve the hassles of customer to carry his/her phone, debit card, credit card, remember PIN with “Nil” MDR. The Merchant will also have a low-cost option of accepting payment card using a Mobile POS.
Over 30,800 million bills amounting to more than Rs. 6000 billion are generated each year.
Over 30,800 million bills amounting to more than Rs. 6000 billion are generated each year in the top 20 cities in the country. Bharat Bill Payment System (BBPS) is an RBI mandated system which offers integrated and interoperable bill payment services to customers across geographies with certainty, reliability and safety of transactions. Spice Digital Ltd. as a Bharat Bill Payment Operating Unit (BBPOU) offers bill payment services to customers through its network of agents O2O (offline to online) payments for Electricity, Gas Water, Mobile and DTH bills.
Spice Digital as a registered Authentication User Agency (AUA)
Spice Digital as a registered Authentication User Agency (AUA) & KYC User Agency (KUA) with the UIDAI and enables Aadhaar-based client authentication system for enterprises. Spice Money uses India Stack based electronic know-your-customer process (eKYC) to verify users’ credential and aboard merchants/retailers.
As a GSP Suvidhaa Provider, Spice Digital provides a platform to its customer
As a GSP Suvidhaa Provider, Spice Digital provides a platform to its customer to file their monthly tax return. Spice GSPs are committed to provide convenient methods to taxpayers and other stakeholders in interacting with the GST Systems from registration of the entity to the uploading of invoice details to filing of returns. The solution can be used by a CA, SME or any enterprise .
Spice Money’s Mobile App is a one stop solution for all the Banking and payment-related services
Spice Money’s Mobile App is a one stop solution for all the Banking and payment-related services that includes Money Transfer, Cash withdrawal - Micro ATM, Cash Deposit, Bill payments, Mobile Recharges, DTH, PAN cards & Digital Payments available 24*7. This Merchant App is highly secure and the only App available in 7 regional languages thus gives an ease of access to the regional merchants to work effectively & efficiently.
