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What is Spice Money?
One of the largest Rural Fintech Companies in India, Spice Money has had a transformative effect on digital, financial, and e-commerce services in rural and semi-urban areas. After creating over 8 Lakhs+ rural entrepreneurs and managing over USD 12 billion in transactions, it is growing at a rate of more than 150 percent year on year. One hundred million people rely on its services, making it one of the most trusted Rural Fintech companies in India.
Spice Money was launched in January 2021, which gave rural entrepreneurs the opportunity to start their own Digital Dukaan with no investment. Financial inclusion and digital empowerment of 1 crore rural entrepreneurs across the country will be achieved through this opportunity. It is now possible for everyone in these regions to enjoy a better customer experience in banking, digital, and e-commerce thanks to the services provided by Spice Money Adhikaris.
Migrant workers, Kirana store owners, job-seekers, fresh graduates and even housewives are able to join the Spice Money Adhikari network through this zero-investment programme, bridging the digital divide between urban and rural India.
Services offered by Spice Money
Banking Services
The primary goal is bridging the digital divide in India by providing basic banking and financial services to every Indian citizen, regardless of where they live or how much money they have to work with. With Spice Money’s banking solutions, India’s underbanked population now has easy access to services like Cash Deposit, Withdrawals, and Money Transfer. The Spice Money Adhikari network has made it possible for anyone to take advantage of these services without having to visit their bank.
AePS (Aadhaar Enabled Payment System)
In order to use the Spice Money AePS service, customers can use their Aadhaar card to access their Aadhaar-linked bank account and carry out basic banking transactions such as withdrawals and deposits as well as balance inquiries and bank transfers. Spice Money with Digital Dukaan offers a secure Biometric Scanner with all Adhikaris, making it simple to conduct these transactions.
Money Transfer (DMT)
Customers of Spice Money can transfer money between a wide network of banks. They are able to transfer funds across all major nationalised and private banks in India with the assistance of Adhikaris. This is a safe money transfer method that requires multiple levels of authentication. An RBI-approved semi-closed PPI wallet linked to the sender’s mobile number makes Spice Money Wallet extremely secure.
Cash withdrawal through mini ATM
Using the Spice Money Mini ATM, Adhikaris can now provide their customers with cash withdrawals using Debit and Credit cards. All major credit and debit cards, including Mastercard, Visa and RuPay, can be used to make cash withdrawals.
Payment services
In addition to debit cards, Spice Money Payment Services allow Adhikaris to accept payments via QR Codes generated on Android smartphones. The methods of payment are reliable, fast, and safe.
Cash Collection Point
Agents, customers, and bank representatives can now deposit premiums, EMIs, and other payments at Spice Money branches that serve as Cash Collection Points. Using this service, our Adhikaris have a unique opportunity to expand their business while simultaneously increasing their income. Adhikaris and customers can use it for free, and it aims to broaden their customer base by offering a wider range of services.
BBPS
Using the Bharat Bill Payment System, Spice Money’s Adhikaris are able to accept payments for all utility bills, including water, electricity, gas, and broadband (BBPS). In addition to FasTag, Municipal Corporation Tax, and LIC Premiums, the BBPS service makes it simple to pay for a variety of other government services.
There are a variety of new ways that Spice Money Adhikaris can earn money by recharging their customers’ mobile phones and DTH services. All Indian mobile operators now offer recharge. With each recharge, customers are given access to all of the latest deals.
Aadhaar Pay
Adhikaris can accept cashless payments from their customers using Spice Money Aadhaar Pay, which requires only an Aadhaar number and a fingerprint scanner to use. With this system, customers and Adhikaris alike are freed from the burden of managing their own money on a daily basis.
Prepaid Card
Spice Money Adhikaris has introduced a new product: the Prepaid Card. Co-branded, open loop prepaid cards are available for Adhikaris to use to make online purchases or bill payments for their customers.
Tours and Travel Services
From flight/train/bus tickets and hotel bookings to tour packages, Spice Money offers a wide range of travel services all under one roof. All three of these qualities are available at an affordable price. Since then, Spice Money Digital Dukaan has evolved into a one-stop shop for all things related to travelling.
Reservations for trains
Digital Dukaan is an authorised IRCTC partner, allowing Spice Money customers to book train tickets for any destination in India via the Digital Dukaan platform. Adhikaris can book tickets quickly and easily thanks to the user-friendly interface, which makes the entire process easier for customers as well.
Booking a flight
Domestic and international flight ticketing options are available for a wide variety of combinations through the flight booking service. A dedicated customer service team is on hand to answer any questions you may have about flight bookings. Flight tickets can be booked and confirmed for customers of Adhikaris using a single travel management interface.
Bus Ticket
More than 700 tour and travel operators have partnered with Spice Money to ensure that bus tickets for any journey can be easily found. Bus tickets can be booked and confirmed by Adhikaris in a matter of seconds.
Hotel Reservations
Spice Money has access to a wide range of hotel room inventory across India thanks to partnerships with hotels and travel agencies. Adhikaris who use Spice Money can book hotel rooms at discounted rates instantly.
Bada Bazar
Spice Money Bada Bazar is an attempt to provide Spice Money Adhikaris with e-commerce facilities. Customers can buy products from IFFCO and Amazon through their local Spice Money Digital Dukaan’s Spice Money Bada Bazar.
IFFCO Bazar
Largest online market for agricultural products, the IFFCO Bazar. The local Spice Money Adhikari will deliver the products to farmers who order them. Adhikari is able to start an e-commerce business for free thanks to IFFCO Bazar.
Amazon Easy
Amazon easy gives semi-urban and rural customers an easy way to buy products from Amazon, one of the biggest players in e-commerce. Spice Money Adhikaris have an opportunity to benefit from the growth of online purchases, while consumers benefit from great products and discounts.
Suraksha
Adhikaris assist customers by providing Spice Money Suraksha services, which allow them to access a variety of Insurance products just when they need them.
Hospicash
The Spice Money Hospicash service was created to assist customers who would otherwise be unable to pay their bills if they were admitted to the hospital. As a result of this unfortunate event, Spice Money helps them get the funds they need on a recurring basis to cover their expenses, making up some of the loss of income that they would otherwise have had.
Spice Money Macchar Suraksha Plan
There are seven mosquito-borne diseases that the Spice Money Macchar Suraksha Plan aims to protect you from. Those customers who use the Spice Money DMT service can now take advantage of this plan. Customers pay Rs.99 as a one-time premium to purchase this policy. The plan does not necessitate any medical testing, and there is no need for any extra paperwork. Over the course of a year, a customer can expect to receive a payment of Rs 20,000 in total. A lump-sum payment of Rs. 10,000 will be made upon hospitalisation, and the policy will then automatically replenish with the remaining Rs. 10,000, which the policyholder can claim if he is hospitalised again within the policy period.
Loan Services
Spice Money Adhikaris and customers can take advantage of low-interest loans through the loan services. Because the loans are provided by well-known financial institutions, the service is safe. These loans don’t require a lot of paperwork or a long wait time because of their quick processing time.
Loan for Grahak
Spice up your life with a little extra cash. Spice Money Adhikaris now have access to Grahak loans, which they can make available to their clients. The Grahak Loan allows Adhikaris to meet the needs of their customers in a timely manner. There is no need to fill out a lengthy application process for these loans, which are offered by reputable banks and NBFCs at low interest rates.
Adhikari Loan
A wide network of banks and NBFCs across India provides Spice Money Adhikaris with low-interest loans. As a result of these loans, his business is able to grow as it invests in itself.
Others Services
Our Adhikaris are able to provide a wide range of services to their customers, saving them time, money, and effort, thanks to the various devices they are given.
Printers, Biometric Devices
Spice Money offers biometric devices and printers that Adhikaris can use to run their businesses smoothly and provide their customers with hassle-free services.
Services for Pan Card
New PAN cards and updates for existing cards will be available through official government channels for Spice Money Adhikaris. Our network is robust and secure, ensuring a smooth and hassle-free experience for our customers.
A small ATM machine
An ordinary Kirana store can now provide basic ATM services like cash withdrawal and deposit thanks to the Spice Money Mini ATM. There are Spice Money Mini ATMs that accept debit cards from all the major banks. These Mini ATMs have eliminated long lines, technical problems, and the lack of cash.
Advantages of Spice Money
- Zero-cost business opportunity
- Streamlined platform onboarding
- Provides all digital and financial services under one roof
- An excellent chance to make money
- Assured security and reliability of the platform
Spice Money Agent Login
Agents of Spice Money must log in using their unique user ID and password in order to access the Agent page.
- Use the link b2b.spicemoney.com to access Spice Money’s official website.
- In the agent ID column, type in your user ID and password.
- Tick on Agree button and click on Login to proceed further
- That’s all there is to it! Spice Money’s Agent Login has been a success, allowing you to conduct multiple transactions and offer your services to others.
Spice Money Adhikari Login on mobile app
Spice Money is also available as a mobile application, making it simple for customers to use the service. Step-by-step instructions for logging into the Spice Money mobile app.
- Download the Spice Money Mobile Official App from the Google Play Store at play.google.com/store/apps/details?id=in.spicemudra&hl=en IN
- Log in to Spice Money using your Adhikari ID and password.
- Tick the box next to “I accept the terms and conditions,” then click “Login.”
- In order to verify your identity, you may receive an OTP via text message to your registered mobile phone number.
- To view the mobile page, enter the OTP and click on the “Proceed” button.
- Now that you’ve successfully logged into the Spice Money Mobile App, you can begin using their services on the go.
Spice Money Registration on website
- You must be a registered user of Spice Money in order to log in. Spice Money has a registration process that you can follow.
- Go to Spice Money’s official website and click on the Register button to get started.
- Addresses must be accompanied by the following information:
- Include your PAN number in addition to your Aadhar or Voter Card information.
- When you’ve done this, click the “Submit” button.
- That’s all there is to it; the information you’ve provided will only be verified if the documents you’ve uploaded are verified. Your mobile phone may receive an official registration message.
How to Register on Spice Money mobile app?
- Install the Spice Money app on your mobile device.
- Install it and then open it.
- Before proceeding to the home page, please select your language preference.
- Here are a few permissions that you will be asked to grant, and you can grant or deny them as you see fit.
- You will now be redirected to the login page, where you must enter your username and password.
- Give your Aadhar card number, PAN card number, father’s name, address (per Aadhar card), and mobile number, among other things.
- Verify your mobile number using the one-time password (OTP) you receive on your phone.
- Enter your account username and a strong password now.
- Your Spice Money account will be activated after you click the “Submit” button.
- Using the Spice Money App and the information you’ve provided, you can now make online purchases.
What document are required for Spice money retailer?
- Aadhar Card (Self Signed)
- PAN card (Self Signed)
- A passport-sized colour photograph of the agent
- Canceled Check
What is Spice money registration fee?
If you want Spice Money’s Retailer ID, you’ll need to pay Rs 299.
How to Get Spice Money ID?
A Spice Money ID is required in order to access the company’s official websites and use their services. Spice Money ID can be generated in one of the following ways.
- To obtain an ID using this method, the user must first contact the distributor. The distributor must receive the document and all other relevant information. You will be given an ID that you can use to log in to the Spice Money page once your information has been registered and verified.
- The second method of obtaining your user ID is to register on the Spice Money website. Here, you must use your registered mobile number to complete the registration process. You’ll get a call once your information has been processed, and it’s possible that the identification has been completed. Afterwards, you’ll receive your unique Spice Money ID.
How to start Spice Money AEPS?
You must first log into your Spice Money account in order to use this service. After logging in, you can use AEPS features such as financial transactions, POS (Point of Sale), and Microatms.. With this, you can transfer money at any time to any bank.
In order to transfer money from AEPS, you must provide your Aadhaar card number. Upon logging in to Spice Money, you can take advantage of this feature. The Aadhaar Enabled Payment System (AEPS) has replaced cash as the primary means of conducting financial transactions in India.
FAQs on Spice Money
What is Spice Money wallet?
It makes it possible to send money across the country in real time. For instant money transfer, Spice Money is a Semi-closed PPI wallet approved by the RBI.
With the Spice Money wallet, what can I do?
Using Spice Money wallet, you can send money to an Indian bank account for the benefit of your customers while also earning a commission. You must become an authorised Spice Money Adhikari in order to provide money transfer services. It is also possible to conduct transactions at any time and from anywhere using the Spice Money app or website. To date, Spice Money’s Adhikari network numbers over 8 lakh, all of whom are earning well.
In what ways does the Spice Money wallet help?
Adhikari will reap the benefits the following ways:
- Adhikaris are required to provide both proof of identity and proof of address in order to work as Spice Money Adhikaris.
- If Adhikari wants to send money to a bank account in India, he or she can use the IMPS system to do so immediately. Adhikari has the option of sending money via NEFT as well.
- It’s very handy. Any bank account in India can receive up to Rs.50,000 per month from Adhikari.
- Multiple layers of authentication and a secure process ensure the safety of your money in transit.
Customers will get advantage of using Spice Money the following ways:
- The convenience of location and timing. Customers are spared the inconvenience of making a trip to their local branch and standing in line.
- Low money transfer fees.
- Low money transfer fees.
- Trusted, secure, and reliable platform that includes SMS and transaction receipts.
- It’s very handy. Transfers of Rs.50,000 per month is possible.
How do I get a Spice Money wallet account?
Visit our Signup page at https://www.spicemoney.com/AOB/ to sign up and become an authorised Spice Money Adhikari. Request a callback by providing us with your name, phone number, email address, and location. You’ll get a call from our customer service team to assist you with the onboarding process. You will be sent an SMS with a username and password once your information has been verified. Start making money with your money transfer business by logging in to our mobile app or website using these credentials.
What am I entitled to as a Spice Money Adhikari?
As an authorised Spice Money Adhikari, you will enjoy the following advantages:
- Spice Money App will be sent to you as a downloadable link.
- Based on your business volume, you’ll receive Spice Money marketing materials such as posters, banners, booklets and glow sign boards as well as authorised Adhikari certificates.
- You’ll get a percentage of every sale.
How to download Spice Money Android app?
The mobile app for Spice Money can be downloaded from your mobile phone as soon as you register as a Spice Money Adhikari. The download will begin as soon as you click on the link. Alternatively, you can use our website https://b2b.spicemoney.com to complete your transaction using a wired computer. Start transacting by logging in with your Login ID and Password, then clicking the ‘Submit’ button.
Is Spice Money safe and secure?
Spice Money is a licenced and approved service by the Reserve Bank of India (RBI). Your money is safe. The Spice Money Wallet is protected by the most advanced encryption technology. The Spice Money Wallet has multiple layers of security in place to prevent unauthorised access. To ensure that only legitimate requests are allowed into the network, the best-in-class network security is in place. Any unauthorised request is rejected at the outermost layer of security and there is no way to hack a Wallet.. It’s also important to note that all transactions are authorised by the user, and an MPIN is required for each transaction.
How much money will I get if my Spice Money wallet transaction fails?
If a transaction does not go through, your money will be returned to your Spice Money wallet immediately. Because we use the IMPS service, we can transfer money to Indian banks in real time, and we can also refund your money if the transfer fails.
Can’t I just use my debit or credit card instead of Spice Money?
There are risks of using a credit or debit card. Loading money into your Spice Money wallet before transacting reduces this risk.
If the recipient’s phone number is in the U.S., can I send money to them there?
You can only send money to an Indian bank account using the Spice Money wallet. The beneficiary’s account number and IFSC code can also be used to transfer funds.
How do I access my Spice Money wallet Adhikari account if I lose or forget my login password?
Using the website or mobile app, generate an OTP and reset your password. Create a new password by entering the OTP that was sent to your registered mobile phone number.
What is customer care of Spice Money?
Call +91 120 3986786 and +91 120 5077786 or email [email protected]