Spice money digital Banking 😄

 

Spice Money Limited is a prominent rural fintech company in India, specializing in digital financial services aimed at enhancing financial inclusion in underserved regions. Established on April 4, 2000, the company operates as an unlisted public entity with its registered office located at JA-122, 1st Floor, DLF Tower - A, Jasola District Centre, Jamia Nagar, New Delhi, South Delhi, Delhi - 110025. citeturn0search5

As a subsidiary of DiGiSPICE Technologies, Spice Money offers a diverse range of services, including:

• Aadhaar-Enabled Payment Services (AePS): Facilitates banking transactions using Aadhaar number and biometric authentication.

• Domestic Money Transfer (DMT): Enables secure and swift money transfers within India.

• Micro ATMs (mATM): Provides card-based withdrawals and payments in areas lacking traditional ATMs.

• Bill Payments and Recharge Services: Offers utility bill payments and mobile/DTH recharges.

• Ticket Booking and Government Services: Assists in booking travel tickets and accessing various government services.

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The company collaborates with local entrepreneurs, known as "Adhikaris," to deliver these services at the grassroots level, thereby fostering entrepreneurship and financial accessibility in rural communities. As of 2024, Spice Money reported having 1.4 million Adhikaris on its platform. citeturn0search1

In terms of financial performance, for the fiscal year ending March 31, 2023, Spice Money Limited reported operating revenue exceeding INR 500 crore. However, the company's EBITDA decreased by 66.27% compared to the previous year, and its book net worth declined by 5.58%. citeturn0search5

For more detailed information about their services and initiatives, you can visit their official website: citeturn0search0