Spice Money

Spice Money marks a major milestone with the launch of India’s first rural UPI services in Bihar. This transformative initiative brings secure, wallet-based payments to the doorstep of rural communities, empowering millions to access digital financial services easily.? With 2,26,057 #Adhikaris across 870 pin codes, the launch ensures extensive reach, enabling smoother transactions and driving financial inclusion. Serving 36.59 lakh #customers every month—51% of them women—it’s a leap toward greater accessibility and independence for #ruralIndia.? UPI is now live in #Bihar, making it easier than ever to pay bills, shop online, and top up wallets using QR codes. This launch is a step forward in bridging the digital divide and creating a stronger, more inclusive economy. #UPI #RuralFintech #SpiceMoney #NewIndia #EmergingIndia #Growth #Launch

This Diwali, the Spice Money family came together to create memories filled with joy, gratitude, and a spirit of celebration! From vibrant decorations and a festive team lunch to awards that recognized the hard work and dedication of our incredible team members, it was a day to remember. Our leadership joined in the fun, celebrating alongside the team and joining in on games, laughter, and team bonding activities that brought us all closer. With each light we lit and each award given, we celebrated not just Diwali, but the values that make Spice Money a family. Here’s to many more memories, achievements, and festivities together! ?? #SpiceMoney #DiwaliCelebration #TeamBonding #FestiveFun #TogetherWeThrive

This festive season, Spice Money brings one-stop convenience to rural India with Customer Ek, Bill Anek—a campaign designed to empower Adhikaris and simplify bill payments for everyone. With this initiative, customers can now manage multiple bills—such as mobile recharges, utilities, and #FASTag payments—in a single visit. This not only boosts income for Adhikaris, creating stronger, more self-sustaining #rural communities, but also drives financial inclusion by expanding access to digital payment services across #Bharat. By building trust and making Adhikaris the go-to partners for their communities’ needs, we are making digital transactions easy, familiar, and accessible in every corner of Bharat. National Payments Corporation Of India (NPCI) Bharat #BillPay shares this vision, emphasizing that campaigns like Customer Ek, Bill Anek enhance the visibility of essential services, making them more accessible to the masses. This initiative supports local entrepreneurs by providing the tools to improve customer service and drive growth, while also contributing to our national goal of a less-cash economy. Join us in this journey to create a brighter, more connected Bharat! #CustomerEkBillAnek #BharatConnect #SpiceMoney https://lnkd.in/dU-ZiDGW

Spice Money is bridging the gap in #rural financial inclusion by enabling over 350,000 CASA accounts through its extensive Adhikari network. Partnering with two private banks, we bring essential banking services to the doorstep of semi-urban and rural India. CASA accounts promote saving habits by offering interest, simplify daily transactions, and help build a financial track record for future credit. With over ?125 crore in collective balances, our mission is to empower every Indian with accessible financial services. Together, we’re transforming how #Bharat banks—one account at a time. #SpiceMoney #NewIndia #EmergingIndia #Banks #Credit #RuralIndia #RuralFintech #Banking #AccountOpening

Mental health in the workplace is crucial not only for individual well-being but for overall productivity, creativity, and team morale. A supportive work environment helps reduce stress, prevent burnout, and boosts employee engagement. When mental wellness is prioritized, companies see higher retention rates, better collaboration, and a healthier, more positive culture. Atul Tiwari, CHRO of Spice Money, emphasizes: “We prioritize flexible work environments where employees can take mental breaks and receive consistent support. Mental wellbeing should be a core value in every organization.” https://lnkd.in/dVjWc_5N #MentalHealth #WorkplaceWellbeing #EmployeeFirst #SpiceMoney

Today, as India mourns the loss of Ratan Tata, we celebrate the enduring legacy he leaves behind. His leadership exemplified the power of empathy and kindness, contrasting sharply with the egotism often celebrated in today’s world. At Spice Money, we are inspired by Tata's values of grace and authenticity. He taught us that a lasting legacy is built not only through achievements but by uplifting others. As we continue our mission to empower communities through financial inclusion, we carry forward his vision of compassion. Rest in peace, Ratan Tata. Your wisdom will forever guide us. #Legacy #Leadership #Inspiration #SpiceMoney #BridgingBharat

We are delighted to share our latest #AnnualReport, showcasing a year of impactful growth and innovation as we continue to #transform financial inclusion across #ruralIndia. The past year has seen a strategic transformation, with our exit from legacy businesses and a renewed focus on driving financial inclusion in rural and semi-urban India through innovative fintech solutions, resulting in a strong turnaround and setting the foundation for sustained growth. Key Highlights: Customer Payments Gross Transaction Value (#GTV) crossed ?1.08 lakh crore, reflecting a 7% YoY growth. Expanded our Adhikari network to 1.4 million, covering 95% of India’s pin codes. Facilitated over ?50,000 crore in cash withdrawals, serving more than 100 million customers through Aadhaar Enabled Payment Services (AePS). Launched innovative lending products and #UPI-based solutions to empower #ruralentrepreneurs and small businesses. Commitment to Sustainability & ESG: Through the Ek Soch Foundation, we have continued our mission of uplifting grassroots entrepreneurs and empowering communities, with a focus on agriculture, health, and education. Looking Ahead: We're revolutionizing banking in Bharat by establishing a network of assisted touchpoints, delivering customized financial solutions, and creating digital products for the under-banked and new-to-tech users. With the upcoming launch of our Pre-Paid Instrument (PPI) wallet, we are excited to extend secure and convenient financial services to rural and underserved communities across Bharat. Explore our journey and future vision by accessing the full report. Link: https://shorturl.at/KoPza #SpiceMoney #FinancialInclusion #DigitalTransformation #EmpoweringIndia #RuralFintech #Sustainability

Mr. sameer nagpal, Chief Operating Officer, Spice Money, participated in a panel discussion on “The Next Phase of Credit Lending in India” at the 3rd Consumer Credit and Finance conference by Cii . The session explored the evolving credit landscape driven by digital innovation, customer-centric solutions, and public #digital infrastructure. Experts discussed the role of #AI, #data, and #fintech in enhancing financial inclusion and credit access, while addressing emerging challenges in #cybersecurity and emphasizing the need for strong regulatory frameworks to protect customer data in the digital lending ecosystem. #SpiceMoney #NewIndia #DigitalIndia #RuralFintech #EmergingIndia #Regulatory #Ecosystem #Innovation

Digital Lending: Revolutionizing Credit Distribution in the Modern Economy Digital lending is revolutionizing credit distribution, and Spice Money is at the forefront of this transformative shift. Our journey into the lending space is a testament to our commitment to innovation and financial inclusion. By partnering with prominent #NBFCs, we have ventured into the lending space, offering tailored credit solutions to our Spice Money Adhikaris (SMAs) and providing a solid foundation for our expansion into broader credit offerings. This initial success is a stepping stone towards extending credit to more merchants, MSMEs, and end consumers seeking financial solutions that effectively address their needs. There’s a massive, unmet demand for credit among #MSMEs and nanopreneurs, especially in rural and semi-urban regions. These areas are central to India’s evolving economic landscape, with their untapped potential driving significant progress. At Spice Money, we are leveraging our network of 1.4 million+ Adhikaris to bridge this gap, ensuring that financial services reach even the most remote corners of the country. As we envision the road ahead, we are excited to expand our credit services to encompass unsecured credit, secured lending, and more. By aligning with the rapidly evolving needs of the modern economy, we are not just facilitating transactions—we are driving empowerment and shaping a more inclusive financial future. At Spice Money, we are harnessing the power of #DigitalLending to create opportunities, foster resilience, and fuel progress. The journey ahead is bright, and we are ready to lead the way! #GlobalFintechFest2024 #DigitalLending #CreditInnovation #FinancialInclusion #SpiceMoney #FutureOfFinance #NewIndia

As we move towards a $5 trillion economy by FY 2024-25, the role of local entrepreneurs in shaping the financial landscape is more crucial than ever. The rise of digital technology has revolutionised access to financial services, but it’s the individuals on the ground—the local entrepreneurs—who are the true agents of change. These nanopreneurs are not just providing services; they are building trust, fostering innovation, and contributing to India’s economic growth by bringing financial services to the farthest corners of our nation. At Spice Money, we have harnessed the power of these local leaders through our unique phygital business model. Our vast network of over 1.4 million+ Spice Money Adhikaris has transformed the way rural and semi-urban communities interact with the financial system. These Adhikaris, being trusted members of their own communities, bring banking, digital payments, and even travel services to areas where traditional banking models often struggle to penetrate. This personalised approach, combined with cutting-edge digital platforms, ensures that financial inclusion is a reality. Phygital banking is the perfect blend of physical presence and digital solutions. It’s about more than just convenience; it’s about empowering local entrepreneurs to be the backbone of financial progress in their communities. Through our phygital super app, we have gone beyond basic banking to provide services that cater to the diverse needs of rural customers—from instant credit solutions to investment and travel services. Our vision is simple yet powerful: to create a platform that serves not just millions, but billions, through meaningful partnerships, tailored products, and unwavering trust. By investing in technology, distribution, and local entrepreneurship, we are confident that we can bridge the gap between urban and rural India, making financial services accessible to every individual, no matter where they live. This is a movement that sees local entrepreneurs as the key drivers of financial inclusion, unlocking opportunities for millions and accelerating India’s economic growth. #PhygitalBanking #FinancialInclusion #RuralEntrepreneurship #DigitalTransformation #Nanopreneurs #SpiceMoney #SpiceMoneyAdhikaris #RuralFintech #NewIndia #EmergingIndia #RuralIndia?