Spice Money Limited
| ISIN | 🆔 |
|---|---|
| Industry | FinTech |
| Founded 📆 | Noida, India (2000) |
| Founder 👔 | Saket Agarwal |
| Headquarters 🏙️ | , , |
Number of locations | Noida, Mohali |
Area served 🗺️ | |
Key people | Saket Agarwal Global CEO |
| Products 📟 | B2B Online Interface for Distributors and Retailers, payment system |
| Services | Aadhar Mini-ATM, Travel, BBPS Utility Bill Payments, MPOS, Insurance, Gold, MFI- solutions |
| Members | |
Number of employees | 350 |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Spice Money is an Indian FinTech company that provides B2B payment solutions. It was founded by Saket Agarwal in November 2000 and is based out of Noida, India
Spice Money, provides multiple services in single online interface to their merchants and retail counters. These service are available in 7 Indian languages and offers online use-cases like money transfer/remittance, aadhaar based mini ATM, mobile recharges, utility bill payments BBPS, travel booking, MPOS, buy insurance and buy/sell gold.
It is involved in micro-payment of services and remittances in real time i.e. where sender provides cash and the recipient receives money electronically in their bank account simultaneously. In June 2018, Spice Money reached a gross transaction value of $1 billion..[1]
History[edit]
The company was established(by name of Cellebrum Technologies Limited) in 2000 .
In 2007,the company changed its name from Cellebrum Technologies Ltd to Spice Digital.Spice Digital.[2]
It started off as business services portal for prepaid mobile and DTH recharge, postpaid mobile and bill payments in 2013.
By April 2015, Spice Digital received a semi-closed PPI - pre-paid payment wallet license from the Reserve Bank of India (RBI)[3][4]
In Mid of 2017,They receive principal approval from RBI to operate under Bharat Bill Payment System [5] and partnership with UIDAI[6] for Aadhaar Enable Payment System[7]
In end of 2017, Spice Digital sub-division into two business unit under its legal proprietary. Spice Money’s business operations are financial services and Digi Spice’s business operations are domestic, international VAS and m-government services.
References[edit]
- ↑ "Spice Money Transforms Digital Payments for Millions of Users with Nutanix".
- ↑ India, Press Trust of (9 July 2009). "Cellebrum Technologies is now Spice Digital" – via Business Standard.
- ↑ https://rbi.org.in/scripts/PublicationsView.aspx?Id=12043
- ↑ KJ, Shashidhar. "Spice Digital gets a wallet license from RBI - MediaNama". www.medianama.com.
- ↑ "NPCI approves Spice Digital's operation under Bharat Bill Payment System".
- ↑ https://uidai.gov.in/images/list_of_live_aua.pdf
- ↑ "Spice Money launches Aadhaar-enabled payment system". 12 January 2017.
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