Spice Money Login B2B Portal for agents provides a variety of banking services. The portal has recently signed a money transfer agreement with Yes Bank and launched a ticketing service with IRCTC. It is accredited by the NPCI and works with 700 tour operators. It charges Rs 5 for up to Rs 25000, and uses three banks for banking activities with technolookup.com
Spice Money is an RBI-licensed and certified service
Spice Money is a semi-closed prepaid instrument regulated under the Payment and Settlement System Act 2007. It provides a range of money transfer services and is an RBI-licensed service. To use Spice Money, you will need to register for an account and receive a mobile wallet.
Spice Money is a service that enables consumers to send and receive money from anyone in the world. It offers a secure and convenient method of money transfer. Customers can pay through a card, mPOS machine, or QR code. In addition, consumers can pay utility bills and mobile recharges using Spice Money.
In addition to the payment services offered through Spice Money, it is also a platform for entrepreneurs to earn commissions on transactions made by their customers. It also offers banking services such as cash withdrawal and account balance enquiry. Customers can also use the UPI (Unified Payments Interface) apps to access their accounts. Additionally, customers can use Spice Money to transfer money to their domestic bank accounts. They can transfer up to Rs 50,000 each month. visit us times
It offers a variety of services
Spice Money uses the latest technology to deliver financial services to its customers in an easy-to-use environment. This innovative platform is secured against the top OWASP vulnerabilities and major web-based attacks, and is process-driven, encrypted, and ISO 27k1 compliant. In addition, it is CMMI-L3 certified. It offers a variety of services to meet the needs of different customers.
For example, Spice Money lets you earn extra money through your existing business. You earn from each transaction, and you can also target repeat customers. If your customers forget to pay, remind them with a SMS or a phone call. The more customers you have, the more likely you are to make additional sales.
Besides providing digital financial services, Spice Money is also offering a variety of insurance policies, bill payment services, and motor insurance. Its network includes over 10 lakh Adhikaris and over 18,000 pin codes, which allows it to provide a wide range of products and services to its customers.
It charges Rs 5 for up to Rs 25000
Spice Money offers a wide range of services such as electricity bill deposit, bank account recharge, life insurance, and utility bill payments. These services are available for consumers and retailers alike. The service also allows consumers to receive a mini statement and check their balance several times a day. Customers can also earn commissions by using their services, such as a percent discount on mobile recharge or commissions on flight bookings.
In addition to these services, Spice Money also offers a variety of b2b and b2c services, including a convenient AEPS Settlement service for transferring money from one bank account to another. AEPS transfers can take anywhere from 10 to 25 business days. Customers can also request to withdraw money from their bank account multiple times on any given day.
To use Spice Money, customers must have a valid mobile number. After registering, users can access their account. To withdraw cash, users must have a balance of at least Rs. 5 in their wallet. Once they have reached this limit, they can switch to the Aadhaar Pay service.
It uses three banks for banking activities
While there are many challenges faced by people without bank accounts, Spice Money focuses on using the latest technologies to provide seamless banking services to its customers. The company appoints agents in underserved areas and equips them with a platform that helps them deliver their services in redundant and user-friendly forms. Moving into the future, progressive technologies will be essential to secure digital payments and financial transactions.
In the past two years, Spice Money has registered customer service points in 700+ districts, with a density of at least one adhikari per 1,000 rural populations. Its aeps (automatic electronic payments system) transaction volume increased by 178% over the financial year 2017-2018, and the value of a transaction rose by 216%. In addition to this, the company is able to accept payments from multiple billers on its platform.
The company has launched a new initiative called RedBlue Revolution, in which it registers rural banking outlets as Smart Banking Points. It aims to increase rural access to banking services and boost its customer base.
