One of India’s most successful young entrepreneurs and amongst its foremost digital experts, Dilip Kumar Modi is the Chairman and Group CEO of DiGiSPICE Technologies and Founder of Spice Money. Dilip is a second-generation entrepreneur who has pioneered several new innovations and built a strong portfolio of businesses within the Indian mobility and technology space during his stellar career spanning over two decades.
Dilip always believed that technology will be a key enabler for achieving inclusive growth in the world and started several innovative, technology-driven businesses. Today, he is furthering the cause for financial inclusion and empowerment of rural India through Spice Money, India's leading rural fintech company. Spice Money is progressing, at a great pace, with a clear mission to bridge the gap between the served and the under-served by providing digital financial and e-retail services to the customers at their doorstep. The company’s mission is to digitally and financially empower over 1 crore rural entrepreneurs in India.
In keeping with his passion to support entrepreneurship and the next wave of business leaders emerging within the country, Dilip has also assumed the role of a mentor and has even made investments in a personal capacity into several promising start-ups. These include Shuttl, AdGyde, Uolo, Curofy, etc.His latest venture, iExponential and he has also been helping enterprises achieve rapid scale through innovative solutions leveraging disruptive technologies, and is aimed at promoting the creation of high-value corporations in the B2B and B2C spaces while improving consumers’ lives.
Dilip’s leadership attributes are widely recognized by corporate India resulting in his being the youngest ever President of Associated Chambers of Commerce (ASSOCHAM), one of the most prestigious industry bodies in India. He was also the youngest Chairman of the Cellular Operators Association of India (COAI), in 2004 -05.
Dilip Modi was awarded the “Youth Icon Award” by the Gujarat Chamber of Commerce and Industry for his exemplary leadership. He is the founder of Ek Soch, a social impact initiative to support innovation and entrepreneurship in the areas of Mobility, Education and Environment.
Dilip holds a First Class Bachelor of Science Degree in Management Technology from the Brunel University, London, UK. He has also done his Masters in Business Administration from the Management School at the Imperial College, London, with a specialization in Finance.
Sanjeev Kumar is an accomplished industry leader with 20 years of extensive experience across Banking, Payments & Insurance sectors. As the CEO of Spice Money, Sanjeev brings a deep focus towards achieving the company’s mission of digitally and financially empowering 1 crore rural entrepreneurs through the Spice Money Adhikari (Merchant Entrepreneur) Network. Sanjeev capitalizes on the company’s robust strategy, market capability, superior technology and organizational culture to make Spice Money the most admired rural fintech in the country.
Sanjeev was born in a small village in rural India. He has seen and experienced the struggles of the rural population first hand, whether it is the lack of power or travel infrastructure or the absence of financial services. His life experiences have worked as a foundation to shape his vision towards uplifting and transforming the lives in rural India. He believes that he is one step closer to achieving his life’s mission through the products and services Spice Money delivers. Sanjeev is passionate about keeping the rural customer at the epicentre of Spice Money’s business strategy with the intent of offering all financial and digital services to rural customers.
Previously, Sanjeev was the Chief Growth Officer for Spice Money. In this role, he contributed to the rapid growth of the company through his ability to strategize and execute relentlessly. During the pandemic and subsequent lockdown, it was Sanjeev’s vision that helped the company not only to stay afloat but to grow in leaps and bounds. Sanjeev has been instrumental in creating a culture of growth and success within Spice Money that has empowered the team to innovate with passion and purpose. His leadership during the challenging period of FY20 has enabled the company to grow over 100%.
Prior to joining Spice Money, Sanjeev was associated with Jio Payments Bank, where he led Sales and Distribution. He has also worked with companies such as Yes Bank, where he spent over 12 years, Max New York Life Insurance, Bajaj Allianz and Infosys Technologies.
Sanjeev holds a BTech degree from the Indian Institute of Technology, Varanasi.
Publication Name | Title |
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Business Standard |
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Inc42 |
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India fintech diaries |
ONDC – With Sanjeev Kumar, Co-Founder, ED & CEO at Spice Money |
Business Today Magazine |
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Uday Today |
How Spice Money Transformed the Life of Rajasthan’s Chameli Roy |
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ADgully |
Spice Money’s campaign aims financial independence for rural women |
The Captable |
ONDC taps rural fintechs to take e-commerce beyond large cities |
The Times of India |
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ET BFSI |
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CNBC-TV18 |
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Divya Gujarat |
How Spice Money helped Tanya Jain from Vadodara to be financially independent |
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Financial Express |
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CXO today |
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Divya Gujarat |
How Spice Money helped Gujarat's Priyank Shah become an entrepreneur |
Bizz Buzz |
Rural fintech firm Spice Money plans to increase its footprint in Telangana, AP (bizzbuzz.news) |
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Mint |
UPI payments touch record high of ₹ 12.82 lakh crore in December |
Firstpost |
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The Week |
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Network18 |
How can fintech startups drive financial inclusion in India? |
Publication Name | Title |
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Inc42 |
How Indian Fintech Startups Are Bridging The Urban-Rural Divide |
ETBFSI |
Spice Money partners with Axis Bank to push financial inclusion in rural India |
VARINDIA |
Why Indian Govt.’s attempt to democratize digital commerce space can be a success? |
The Economic Times |
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YourStory |
Spice Money appoints Mrutyunjay Mahapatra and Veena Mankar as Board members |
Mumbai News Networks |
Dilip Modi, Founder of Spice Money on RBI expanding scope of Bharat Bill Payment System |
Financial Express |
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Financial Express |
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The Times of India |
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Inc42 |
How Microfinance Institutions Can Help Fintech Startups Penetrate Into Rural India |
The Hindu Business Line |
Rural adoption, customisation to lead fintech growth in 2023 |
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Krishi Jagran |
Spice Money Makes It Easy for Farmers to Withdraw PM Kisan Money through AePS |
ETBFSI |
Spice Money appoints Usha Murali as Chief Compliance and Risk Officer |
ETBrandEquity |
Spice Money makes 'Suvidha Wali Diwali' with digital payments in new campaign |
ETBFSI |
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CNBC TV18 |
Taking ONDC to rural areas is a big opportunity, says Spice Money |
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Business Standard |
Ours is more than a business correspondent model: Spice Money's Dilip Modi |
AAJ |
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ADgully |
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The Print |
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BW Businessworld |
Spice Money To Celebrate ‘Har Dukan Tiranga’ With 1 Mn Rural Banking Outlets |
ET Brand Equity |
Spice Money elevates Kuldeep Pawar to chief marketing officer |
ETHR World |
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The Times of India |
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BW Businessworld |
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Fintech Futures |
Skilling initiatives pivotal for the growth of women nanopreneurs in rural India |
ET BFSI |
Phygital model to address challenges and expand in Rural Bharat: Experts. |
Build For Bharat |
Building trust for Bharat with Nano-preneurs with Dilip Modi |
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Mint |
RBI aims to establish India as a powerhouse of digital payments globally. |
BW Businessworld |
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The Economic Times |
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5Paisa |
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Dalal Street Investment Journal |
In conversation with Dilip Modi, Chairman, DiGiSPICE Technologies Ltd |
Krishijagran |
Spice Money to Help Farmers to Withdraw PM Kisan Money Through its 1 million Adhikari Network |
BW Businessworld |
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Daily Punjab Times |
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ET Brand Equity |
Spice Money and Religare Broking enlightens ‘Demat Zaroori Hai’ in its new ad |
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Divya Gujarat (Ahmedabad) |
Spice Money nearly doubles its nanopreneur (Adhikari) network hitting 1 million milestone in FY22 |
Aj (Lucknow) |
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BW Businessworld |
Spice Money Grew 80% Revenue While EBITDA Stands Rs 22 Crore |
BW Businessworld |
Working On Credit And Investment Products For Rural MSMEs: Sanjeev Kumar |
ET BFSI |
LIC IPO seen increasing equity participation: FinTechs, brokerages on demat account mania |
Mint |
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The Hindu BusinessLine |
LIC IPO will provide impetus to rural participation in equity markets |
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Lokmat |
Spice Money and Religare Broking take the LIC IPO to 10 crore rural households |
BW Businessworld |
Spice Money, Religare Broking Take LIC IPO To 10 Cr Rural Households |
Himprabha |
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Great Manager Awards |
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Outlook India |
UPI Transactions Cross Rs 80 Trillion in FY22; Know The 5 Reasons For Its Popularity |
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CXO Outlook |
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Analyticls Insights |
Exclusive interview with Varundeep Kaur, chief information officer, spice money |
Nava Bharat Indore |
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ETBFSI |
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Outlook India |
6 Ways In Which Rural India Is Transacting Online Without Internet Or Smartphones |
Pioneer Hindi |
Spice Money Celebrates to bear cost of girl child of their women nanoprenuers |
ET Brand Equity |
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Digital Latest news |
Spice Money to fund education of women, girls from its merchant community for one yr |
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CXO Outlook |
How startup ecosystem and India Inc responded to Union Budget 2022 |
HBL |
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YourStory |
Impact of the Budget on the Rural Fintech Sector and the Opportunities That Lie Ahead |
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Aaj Lucknow |
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ABP Live |
Union Budget 2022: Fintech Industry Eyes Greater Credit Access To MSMEs |
Businessworld |
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Businessworld |
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Entrepreneur Magazine |
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Zee Business |
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ETHRWorld |
Employees are the assets and HR is the custodian of people: Atul Tiwari, Spice Money |
The Economic Times |
Spice Money further bolsters leadership team to fast-track growth |
Dainik Jagran |
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Rashtriya Sahara |
Spice Money is empowering banking and financial services in villages |
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ET HR World |
How Spice Money is creating a balance in its employees’ professional and personal life |
BW Businessworld |
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Nav Bharat |
How MP’s Somat Lodhi fought against all odds and became a successful Spice Money Adhikari |
The Pioneer |
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Rashtriya Sahara |
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Hindustan Times |
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The Podium |
EMPOWERING RURAL INDIA WITH FINTECH | DILIP MODI @ SPICE MONEY |
Campaign India |
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CXOtoday |
Spice Money earns the prestigious Great Place to Work-Certification |
The Economic Times |
Cultural codes to joy of homecoming: Diwali ads selection Part 2 |
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Adgully |
Spice Money launches new festive brand campaign ‘Dil Se Diwali’ |
The Economic Times |
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Divya Gujarat |
How Spice Money helped Gujarat Ronak Jain to find his calling |
Businessworld |
Financial Literacy Among Rural Women: Foundation Of Economic Inclusion |
Businessworld |
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The Startup Operator (Podcast) |
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International Business Magazine |
We believe technology fast-forwards rural development: Dilip Modi of DigiSpice Technologies |
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ET Panache |
Spice Money founder took up yoga during the pandemic, says meditation helped with post-Covid recover |
ET BFSI |
Spice Money partners with Israel’s Tarya for rural tech lending platform |
Financial Express |
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ET BFSI |
Spice Money partners with Israel’s Tarya for rural tech lending platform |
Newspaper |
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Business World |
Covid-19 Impact: Digital Banking Thrives in India, Except several rural Areas |
The Times of India |
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ET HR World |
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Everyday News Lucknow |
UP's Nem Singh tackled challenges after becoming a spice money adhiakri |
Aaj Lucknow |
Spice Money’s ATM portfolio touches milestone of 1 lakh in rural India |
NDTV |
With 1 Lakh Micro ATMs In Rural Areas, Spice Money Builds Leading ATM Network |
Punyanagari |
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DataQuest |
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CNBC TV18 |
How M-ATM's can provide access to basic banking to every rural citizen |
Business Standard |
Sonu Sood launches rural B2B travel tech platform Travel Union |
NavaTelangana |
Sonu Sood launches rural B2B travel tech platform Travel Union |
Divya Gujarat |
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ET Brand Equity |
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The Times of India |
Sonu Sood launches B2B travel tech platform Travel Union, for rural entrepreneurs |
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ET BFSI |
How The Aadhaar Enabled Payments System Is A Boon And Bane For Welfare Beneficiaries |
Spasht Awaz |
How Spice Money is making banking more accessible for Rural India through micro-ATMs Spasht Awaz |
FinancialIT |
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IBS Intelligence |
Ep261: What FinTech can do to help revive India’s rural economy |
Dainik Navjyoti |
How Spice Money is making banking more accessible for Rural India through Micro ATM |
Banking Frontiers |
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Medianama |
How The Aadhaar Enabled Payments System Is A Boon And Bane For Welfare Beneficiaries |
The Hindu Business Line |
Spice Money looks to expand beyond just payments, scale up network |
The Hindu Business Line |
Fintechs, payment firms turn vaccine evangelists in rural areas |
Banking Frontiers |
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Outlook Money |
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YourStory |
Actor Sonu Sood's initiative COVREG to create volunteer programme for COVID-19 vaccination |
Namasthe Telangana |
Sonu Sood Initiative, COVREG, to create volunteer program for Covid Vaccination |
Dainik Bhaskar |
Sonu Sood Initiative, COVREG, to create volunteer program for Covid Vaccination |
The Hans India |
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The Times of India |
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Ahmedabad Express |
Sonu Sood's COVREG Initiative for rural people-World's largest Vaccination registration program. |
Moneycontrol |
Fintechs lend a hand in COVID fight, take on vaccine hesitancy in villages |
Telangana Today |
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Adgully |
How social media became a responsible lifeline for people during pandemic times |
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Virtual Fintech Forum |
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Times of India |
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Mint |
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Dainik Jagran |
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The Tribune |
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The Hindu Business Line |
Domestic remittances down amid rising unemployment and lockdowns 2.0 |
The Straits Times |
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Outlook Money |
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The Economic Times |
Low smartphone reach coupled with lack of digital literacy hit rural India Covid vaccine drive |
TimesJobs |
Spice Money announces initiative to prioritise employees health |
Mint |
Apps that track vaccine slots may leave poor and elderly stranded |
CIOL |
Industry Leaders and Organisations Particpate on a Large Scale in India’s Fight Againt Covid-19 |
YourStory |
Spice Money to help rural population register for COVID-19 vaccination |
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The Economic Times |
As pandemic exposes vulnerability of urban jobs, rural India thrives on local level entrepreneurship |
ET HR World |
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KrASIA |
Indian startups feature Bollywood stardom on their cap table |
ET BFSI |
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CNBC TV18 |
A year after lockdown: Technology making life better in rural India |
Investment Guru India |
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Paisa Vaisa |
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Orissa Diary |
Spice Money partners YES BANK to Onboard 2000+ Women Self Help Groups in Odisha under Mission Shakti |
Entrepreneur India |
Atmanirbhar Nari: Inspiring India's Rural Women Entrepreneurs |
Exchange4Media |
Sonu Sood celebrates rural India's aspirations in Spice Money ad |
The Financial Express (Brandwagon) |
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The Economic Times |
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Divya Gujarat |
Sonu Sood partners with Spice Money to digitally and financially empower 1 crore rural entrepreneurs |
Aaj Tak |
Spice Money introduces zero investment business opportunity for rural entrepreneurs |
Dainik Jagran |
Spice Money introduces zero investment business opportunity for rural entrepreneurs |
Odisha Bhaskar |
Spice Money introduces zero investment business opportunity for rural entrepreneurs |
The Assam |
Spice Money introduces zero investment business opportunity for rural entrepreneurs |
Veer Arjun |
Spice Money introduces zero investment business opportunity for rural entrepreneurs |
Trinity Mirror |
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Financial Express |
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Divya Bhaskar |
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Rajasthan Patrika |
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Punjab Kesari |
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Yourstory |
Budget 2021: Startup ecosystem reacts to fintech provisions announced by FM Nirmala Sitharaman |
Yourstory |
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Financial Express |
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Mint |
Brand Equity |
Spice Money launches maiden national campaign with Sonu Sood |
Financial Express |
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The Economic Times |
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The Economic Times |
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Aj |
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The Economics Times |
Indian banking’s digital drive is looking increasingly bright for banking correspondents |
The Hindu Business Line |
PIDF will increase acceptance channels for digital payments: Players welcome scheme |
Tech Circle |
TechThisWeek Podcast: SAP has a multi-cloud strategy for India; RBI unveils fintech guidelines |
ET BFSI |
RBI announces guidelines for Payments Infrastructure Development Fund |
YourStory |
RBI unveils guidelines to boost digital payments in lower-tier cities |
The Economic Times |
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ET BFSI |
Budget 2021: Business correspondents seek rationalisation of GST |
Inc42 |
Payments Startups Demand Subsidy On Zero MDR, Lower GST On Digital Payments From Union Budget 2021 |
The Economic Times |
Budget 2021 Expectations: What India’s fintech industry wants |
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Name: Shrilanjana Mukherjee
Catch Dilip Modi, Founder, Spice Money, in conversation with 3 trail-blazing women entrepreneurs, on making self-empowerment accessible to women across Bharat.
Catch Dilip Modi, Founder, Spice Money, in conversation with Vivek Varshney, Founder, SpeedLabs, on empowering rural India through quality education.
Catch Dilip Modi, Founder, Spice Money, in conversation with Bhavin Patel, CEO, LenDenClub, on utilizing India's high household savings to address the loan availability gap.
Catch Dilip Modi, Founder, Spice Money, in conversation with rural entrepreneurs and fintech leaders - Akshit Gupta, Anil Tadimeti, and Vineet Agarwal, on fintechs solving the financial inclusion problem for rural India.
Catch Dilip Modi, Founder, Spice Money, in conversation with Ajaita Shah, CEO, Frontier Markets, and Vamsi Udayagiri, CEO, Hesa, on creating opportunities for Rural India through literacy and commerce.
Catch Dilip Modi, Founder, Spice Money, in conversation with Noopur Chaturvedi, CEO of NPCI Bharat Bill Pay, and Anujeet Varadkar, CEO of Svatantra Microfin, on cashless economy penetrating rural India.
Catch Dilip Modi, Founder, Spice Money, in conversation with 3 dynamic voices in Indian fintech & rural empowerment - Ram Rastogi, Sunil Kulkarni, and Darpan Sharma, on making financial services accessible in rural India.