Spice Money

Spice Money is a rural financial services company based in Noida, India. It was founded in 2000 by Dilip Modi and is a subsidiary of DiGiSPICE Technologies. The company offers services such as money transfers, cash deposits, bank account opening, bill payments, and mini ATMs. It works with local agents called "Adhikaris" to provide banking services. As of 2024, it had 1.4 million Adhikaris.

 History 
Spice Money started as a digital wallet under the name Spice Digital Limited. It later expanded into ticketing, bill payments, banking services, and micro ATMs.  

In 2015, it received RBI approval to operate as a prepaid payment instrument. In 2017, it launched micro ATMs and bill payment services, followed by a mobile POS (mPOS) service in 2018, earning an award from the NPCI. In 2018, it also received a license from the Reserve Bank of India to operate as a Bharat Bill Payment Operating Unit (BBPOU).

 References 

Category:2000 establishments