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- In 2015, Spice Money received license to operate as a PPI from RBI and in 2017, the company launched its micro ATM and bill pay services.
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Sep 19, 2024 · Prepaid Payment Instruments known as ‘Payworld Money’ 30.06.2010: 35. Spice Money Limited: The Chief Executive Officer, Spice Money Limited, JA-122, DLF Tower A, Jasola District Centre, New Delhi-110025: Prepaid Payment Instruments: 09.04.2015 (Valid up to 30.06.2025) 36. Tata Payments Limited
In 2015, Spice Money received license to operate as a PPI from RBI and in 2017, the company launched its micro ATM and bill pay services. This was followed by the mPOS service launch in 2018, which earned Spice Money the NPCI National Payments Excellence Award. [9]
Spice Money holds various licenses like Prepaid Instruments License (PPI) & Bharat Bill Payment System (BBPS) (from Reserve Bank of India), etc. We are a CMMI level 3 compliant and ISO 9001 and 27001 certified company.
Spice Money Limited with its registered brand “Spice Pay” (“Spice” or “We” or “Us” or “Our” or “Company” which also includes its affiliates) has been authorized by the Reserve Bank of India (“RBI”) to issue and operate in Prepaid Payment Instruments (“PPI(s)”).
Entity-wise PPI Statistics - August 2022. Sr No. Entity Name. Number of Instruments Outstanding. (As on month end) PPI Payment Transactions - Purchase of Goods and Services and Fund Transfer (during the month) Cash Withdrawal Transactions (during the month) PPI Cards. PPI Wallets.
Sep 7, 2023 · Spice Money and Wibmo, a PayU Company launch UPI on PPI for Bharat. Spice Pay will offer instant prepaid cards, linked UPI IDs to wallets for interoperability, and also solve the challenge of mobile number seeding with the help of eKYC.
Spice Money. Who we are. Spice Money’s journey began with the vision of bridging the rural-urban financial divide by addressing two major challenges across the hinterlands of India: lack of access to banking and financial services and rising unemployment.