SPICE MONEY
Spice Money is one of the largest Rural Fintech Companies in India & we have brought a transformative impact on
digital, financial, and e-retail services across the rural and semi-urban regions. Having created more than 5
Lakh Rural Entrepreneurs (Adhikaris') and managed financial transactions worth USD 12 billion, we are
growing at more than 150% year on year. Our services benefit 100 million consumers and we are seen as one of
the most trusted Rural Fintech companies in modern India.
In January 2021, we launched the Spice Money toh Life Bani campaign, which gives rural entrepreneurs an
opportunity to start their very own Digital Dukaan with zero investment.
This opportunity promises to fulfil our vision of financial inclusion, and digitally empower 1 crore rural entrepreneurs
across the country. With the services provided by our Adhikaris, everyone from these regions will now have
an improved customer experience in banking, digital, and e-retail with speed, transparency, and predictability.
This zero-investment program will enable migrant workers, Kirana store owners, job seekers, fresh graduates, and
even housewives to join the Spice Money Adhikari network and secure a sound financial future from their own
hometowns – bridging the digital divide between urban and rural India.
Our collaboration with Actor and Humanitarian Sonu Sood is a commitment to the initiative of developing every village
into a self-sustaining powerhouse of digital excellence, and our shared vision to significantly transform every
village with a fresh mindset and new opportunities by leveraging technology and innovation.
Our Journey
Our Services
Banking Service :-
Spice Money is committed to bridge the digital divide between urban & rural India by providing
basic banking & financial services to everyone – securely and instantly. Spice Money’s banking
solutions have made services like Cash Deposit, Withdrawals, and Money Transfer easily accessible
to the under-banked population of India. Anyone can now avail these services without visiting their
banks, simply through the strong Spice Money Adhikari network.
AePS (Aadhaar Enabled Payment System)
to access their Aadhaar-linked bank account and carry out basic banking
transactions like withdrawals, deposits,balance enquiry, and bank transfers.
These transactions can be easily done using a secure Biometric Scanner
which is available with all Adhikaris at Spice Money customer service points.
Money Transfer (DMT)
Spice Money customers can transfer money between different banks spread across
a wide network. With the help of Adhikaris, they can remit funds across all major
nationalized and private banks that operate in India. This is a secure money transfer
process with multiple authentication levels to ensure optimum safety. Spice Money
Wallet is an RBI approved semi-closed PPI wallet linked to the sender’s mobile
number which makes it very secure.
UPI Cash
With the Spice Money UPI Cash, Adhikaris can provide cash withdrawal services to
their customers through a QR Code. The QR Code is scanned by the customer
through their UPI mobile app. This system of cash withdrawal is fast and simple
just with the mobile phone & the customer does not require to carry their Aadhaar
cards for this service.
Payment Services:-
The Spice Money Payment Services allow Adhikaris to accept payments in different
ways – including debit cards, and by generating a QR Code in an Android Smartphone.
The payment methods are robust, efficient and secure.
Cash Collection Point
Spice Money branches are now Cash collection points where Agents, customers
and bank Representatives can deposit their premiums, EMIs etc. This service
provides our Adhikaris a unique way to expand their business and earn more at
the same time. It is free for both Adhikaris and customers and is aimed at
expanding customer reach by diversifying their services.
BBPS
Spice Money enables its Adhikaris to accept payments for all utility bills such as
water, electricity, Gas, DTH, Broadband, and Mobile phones through the Bharat
Bill Payment System (BBPS). In the coming months, customers will also be able
to recharge and top up different streaming services. The BBPS service also
facilitates other payments for services like FasTag, Municipal Corporation Tax,
LIC Premiums and much more.
mPOS
With the help of the Spice Money mPOS service, Adhikaris can accept payments
from customers with Debit & Credit cards. Payments can be accepted from all
major cards like RuPay, Master, Visa, and Maestro.
Aadhar Pay
With the Spice Money Aadhaar Pay, Adhikaris can accept cashless payments
from their customers, simply with an Aadhaar number and a fingerprint scanner.
This system of fast and secure seamless payment management service gives
both the customers and our Adhikaris the freedom from day-to-day cash
management.
Prepaid Card
Prepaid Card is an innovation for Spice Money Adhikaris. Spice money provides
co-branded, open-loop prepaid cards which Adhikaris can use to purchase items
online or pay bills for their customers.
Tours & Travel Services
Spice Money provides a gamut of tours and travel services including flight/train
/bus tickets and hotel booking – all under one roof. These services are reasonably
priced, reliable, and comprehensive. Spice Money Digital Dukaan has now
transformed into a hub for all travel needs.
Train Booking
An authorized IRCTC partner, Spice Money allows booking train tickets through
customer service points for any destination across India. The user-friendly
interface enables Adhikaris to book tickets quickly & make the whole process
hassle-free for customers.
Flight Booking
The flight booking service caters to Domestic and International Flight ticketingsolutions for a range of combinations. The service provides the best routing
options and a dedicated customer service team to address all queries relating
to flight bookings. Through a single travel management interface, Adhikaris can
instantly book and confirm flight tickets for their customers.
Bus Ticket
Spice Money has partnered with over 700 tour & travel operators across the country
which helps with a high visibility of bus ticket availability for any journey of choice.
Adhikaris can instantly book and confirm bus tickets for their customers.
Simplify your life with spice money which is a one-stop shop for all Banking and
Digital services.You can grab different kinds of facilities such as-
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