If you have a Spice Money account, you will want to login to your account to manage your account online. You can do this by visiting the Spice money website or the Spice app. The app allows you to access your account and fill out forms. It also protects your information and ensures your security. Once you’ve logged in, you can start transferring money to and from your account. The app also allows you to withdraw cash from a mini-ATM.
Extensive Network of Merchants
With the help of its extensive network of merchants and nanopreneurs, Spice Money has been able to extend its services to the rural population. Moreover, it is regulated under the Reserve Bank of India and has relevant licenses. The company also has partnerships with banks and institutions. It has launched different products and services through its network. These include microfinance, bill payment, and prepaid money.
Actor Sonu Sood
The company has also partnered with actor Sonu Sood, whose vision is to use technology to support entrepreneurship. The two companies are working together to design new products and initiatives. The partnership will allow the companies to expand their reach by offering their products and services through the Spice Money platform. The partnership will also help to build a network of entrepreneurs who will promote financial inclusion and digital empowerment in rural India. The two companies will work hand-in-hand with Spice Money Adhikaris to accelerate the digital journey of rural India.
B2b & C2c Banking Services
A business can use Spice for various banking needs. It is an online platform that offers a range of b2b and c2c banking services. Spice b2b banking service enables officers to accept payments for utility bills. The system uses the Bharat Bill Payment System, and it offers a number of payment methods. For example, an Adhikari can accept payments through the website and help a customer pay their bills.
The company’s b2c banking services include insurance. Adhikaris work with Spice to offer insurance coverage to customers. This plan covers the costs of medical emergencies and helps you avoid losing income. Spice also offers an online portal where customers can access all their services in one place. The company also offers an insurance feature called Suraksha, which allows customers to apply for a free insurance policy and then pay for it with their credit card.
Spice Money Mini-ATM
The Spice Money Mini-ATM provides basic cash withdrawal and deposit services. It accepts all major debit cards. The device is located in local stores like Kirana. The mini-ATM is designed to facilitate customers in underserved areas. The customer simply swipes their debit card on the machine to withdraw cash. Users can also inquire about their balance using a PIN/ID based system. The Mini-ATM eliminates the hassle of long queues, technical glitches and unavailability of cash.
Machine
The Spice Money Mini-ATM lets Adhikaris withdraw cash by using any major credit or debit card. The machine accepts Visa, MasterCard, American Express, and Discover. The fees charged for this service vary by type. For example, a Spice Money Agent ID costs 1500 Rupees. This ID enables the user to access all other services through Spice Money. To get your Spice Money Agent ID, visit the official website and click on ‘Join Now’. Enter your first and last name and your city and state.
Reserve Bank of India
The Reserve Bank of India has issued a Rupees One Crore fine to two payment system operators for non-compliance with the PSS Act. This action was taken to ensure that payment system operators are compliant with regulations. It is not intended to rule on the validity of the transactions. The RBI action does not affect the functioning of Spice Money or other payment systems. However, it should be noted that both payment system operators have a license from RBI.
Final Words:
In addition to having a license from the RBI, Spice Money also has a license from BBPS (Bharat Bill Payment System). Hence, you can trust it with your money. Spice Money has been in the business of providing financial services for the last 20 years. The company is a fintech company and has a license from RBI. It offers a wide range of financial products and services for the underserved sections of society.
