Spice Money, a business unit of Spice Digital and one of India’s largest tech-enabled Hyper Local Payments Network, has carried out 12 million transactions in April. The transactions generated a massive gross transactional value of Rs 2400 crore. Spice Money has introduced new product offerings and enriched existing ones to further its goal of extending digitized transactional benefits to a large section of people who have little access to conventional financial facilities. Spice Money, in addition to its Aadhaar-based payment system, has added a mini-ATM feature that enables users to carry out debit card based transactions. The move is expected to serve the elder population significantly, who often complain of hassles during fingerprint based Aadhaar transactions, which might change due to age. Dilip Modi, chairman, Spice Money, said the April figures underline the strong growth trajectory Spice Money has achieved over a considerable period of time.
