Enable over 660 million+ Aadhaar linked bank account holders to transact card-less.
Currently, only 3 million Point of Sale (POS) machines facilitate Debit/Credit Card payment to Merchants. Spice Money Aadhaar Pay Solution for small merchant will enable over 660 million+ Aadhaar linked bank account holders to transact card-less across merchant locations. Spice Money Agent will provide basic banking services such as balance inquiry, cash deposit/withdrawal and DMT to their customers and earn commission for every transaction.
Spice Money Agent will enable the customer to have a hassles free transactions, customer need not carry his/her phone, debit card, credit card, remember PIN and with “Nil” MDR. This is an ideal situation for both the customer and agent. The customer can carry out any kind of banking transaction at their next door kirana store, without the hassle of actually travelling to far flung bank branches or standing in long queues.
Spice Money Aadhaar Pay is a digital payment solution that enables agent to accept payments for goods/services using their android Smartphone and Biometric scanner from customers having Aadhaar seeded bank account.
We are offering "Nil" MDR below Rs 2000 transaction value.