In 2015, Indian entrepreneur Dilip Modi launched the start-up Spice Money. Today, it is endorsed by actor-philanthropist Sonu Sood and offers financial services across India through local representatives. For instance, Rammohan Pal, a resident of the Chattisgarh district, remembers June 9 of this year with vivid clarity. In this article, we’ll look at how Spice Money uses Nutanix Enterprise Cloud OS software to provide these services.
hyperlocal payments network
Spice Money is an innovative fintech company that enables financial services to individuals in India. The company operates through a tech-enabled hyperlocal payments network, and caters to various segments, including government executives, professionals, small and local traders, farmers, and those receiving subsidy support. Through its network of Spicemoney agents, Spice Money has enabled financial inclusion for 50% of India’s population.
cumulative Customer Service Points
The company has a deep presence in “Bharat”, with 85% of cumulative Customer Service Points across India. The company has a particularly dense presence in BIMARU states – Madhya Pradesh, Rajasthan, Bihar, and Chhattabad – where the population is 66% higher than the national average. With this network in place, it’s bringing financial services to rural India with the aim of increasing the number of people who can access financial services.
By leveraging its technology, Spice Money has enabled next-door Kirana stores to serve as mini-banks. The network offers a number of other services, including debit card payments and a higher withdrawal limit. It also offers services for domestic remittances, utility bill payments, railway ticketing, and mPOS payments. The company’s innovative approach to financial inclusion has led to the rapid growth of Spice Money, India’s largest tech-enabled hyperlocal payments network.
It offers PAN card and mPoS related services
Spice Money offers a range of PAN card and mPoS-related services. Besides focusing on domestic remittance and transfer, the app is also available for bill payments, recharges, ticket booking, and other transactions. Users can access the app by creating an account. During the sign up process, users need to enter the PIN code of their city, state, and district, as well as upload any relevant documents.
While Spice Money was launched with the intent of offering B2B solutions for tourism and travel, it quickly shifted into a B2B service. The company recently announced the ability to process payments through the Aadhaar Enabled Payment System. In October, the company assured merchants that they had received authorization from the National Payments Corporation of India (NPCI) to accept Aadhaar-enabled payment transactions.
It offers a commission on train tickets
If you have been looking for a way to earn money from home, consider becoming a money agent with Spice Money. These money agents earn commissions on train tickets for customers, and can work from anywhere in the world. They are affiliated with 700 tour operators and are a great way to earn extra income from home. There are several ways you can earn commissions from Spice Money, and there are even some that are free.
First, you must register with Spice Money. The website has an application form in Hindi and English. After completing the application, you need to submit some personal information, such as your name, address, and photo. Once you have verified these details, you can move onto the next step. After you have created your account, you’ll receive login credentials and instructions on how to use the service. You’ll be notified once the application process is complete.
It uses Nutanix Enterprise Cloud OS software
A leading enterprise cloud computing solution provider, Nutanix has signed a new client, the digital wallet subsidiary of Spice Digital Limited, and is helping the company accelerate transactions, streamline data center management, and lower TCO. Spice Money processes four million transactions every month on a single platform, serving more than two million users. Its gross transaction value (GTV) is in excess of $1 billion USD.
This hyperconverged infrastructure software provider provides an integrated, flexible solution that can be deployed easily in any environment. Users can compare products and evaluate their capabilities in categories such as integration and deployment, service and support, and specific product capabilities. Spice Money reviews were verified by Gartner, a leading independent analyst firm. Spice Money relies on Nutanix as one of the most advanced cloud computing solutions in the industry, and has recently received a number of awards for customer service and security.