• Banking Services
  • At Spice Money, we are committed to bridge the digital divide between urban & rural India by providing basic banking & financial services to everyone – securely and instantly. Spice Money's innovative banking solutions and extensive reach offer services like Cash Deposit, Money Transfer & Cash Withdrawal to the under-banked population of India through our strong Adhikari network.

AePS (Aadhaar Enabled Payment System)

This service empowers the customer to use Aadhaar as a proof of identity to access the Aadhaar enabled bank account and perform basic banking transactions like withdrawals, balance enquiry, and mini statement. These transactions can be easily done using a secure Biometric Scanner which is available at our Spice Money customer service point.

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Money Transfer (DMT)

Spice Money has a robust intra and inter-bank transfer and IMPS facility, with the help of which our Adhikaris can help customers remit funds across a large network of banks or geographical locations in real-time. This is a secure money transfer process - thanks to the multiple authentication levels. Spice Money Wallet is an RBI approved semi-closed PPI wallet linked to the sender’s mobile number which is highly secure.

Cash withdrawal through Mini ATM

ATMs often pose problems such as long queues and waiting times, technical glitches, and in some instances even lack of cash. With the Spice Money Mini ATM, a local Kirana store can now become an ATM center that can provide basic ATM services such as cash withdrawal and payments. All types of debit cards can be used for cash withdrawals, and all type of debit & credit card for payments can be used in the Spice Money Mini ATM.

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UPI Cash

With the Spice Money UPI Cash Adhikaris can provide cash withdrawal services to their customers for up to Rs.1,000 (in a single transaction) by generating a QR Code, which can then be easily scanned by the customer through their UPI mobile app. This system of cash withdrawal is fast and easy, and customers can quickly withdraw cash without having to visit their bank or without their Aadhaar cards. Adhikaris earn high commission on every cash withdrawal transaction. This service is completely free of cost for the customer.

mPOS

With the Spice Money mPOS service, Adhikaris can accept payments from customers using bank Debit & Credit cards. Payments through all major cards like RuPay, Master, Visa, and Maestro are accepted under this service. Adhikari can also provide cash@POS services and earn commissions.

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Aadhar Pay

Spice Money Aadhaar Pay allows Adhikaris to accept cashless payments from their customers, simply with the help of their Aadhaar number and fingerprint scanner. This system of fast and secure seamless payment management service gives both customers and Adhikaris the freedom from day-to-day cash management.

Prepaid Card

Prepaid Card gives our Spice Money Adhikaris an additional avenue to earn more. Spice money all its SMAs co-branded open loop prepaid cards which SMAs can then use to purchase items online or pay bills.

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