back Back

Spice Money & Wibmo partner to launch ‘Spice Pay’ in India

By Gloria Mathias

September 07, 2023

  • Bharat Citizens
  • eKYC
  • FinTech
Share

Spice Money, Spice Pay, GFF, Global Fintech festival, India, NPCI, Wibmo, India 

Spice Money, a rural FinTech in India has partnered with Wibmo – A PayU company to launch ‘Spice Pay,’ a transformative UPI solution tailored to empower the citizens of Bharat.

Through Spice Pay, the company will offer Instant Prepaid Cards, and mobile wallets with linked UPI IDs eliminating entry barriers for rural citizens. Spice Pay will also streamline the challenge of mobile number seeding through its Instant UPI ID Creation process, which utilizes eKYC for effortless registration.

Spice Pay will introduce a Standalone Prepaid Wallet account, with a linked UPI ID eliminating the need for traditional bank accounts. The company will also leverage its network of Adhikaris to ensure that the citizens of Bharat are able to access Spice Pay and transact digitally even from the remotest part of the country.

Mr. Sanjeev Kumar, Co-Founder, Executive Director, & CEO at Spice Money, said, “Spice Money is proud to embark on this transformative journey with the launch of Spice Pay. The initiative represents our unwavering commitment to break down barriers and empower the citizens of Bharat. Spice Money is built on the foundation of Digital public infrastructure for good, where we have successfully implemented services like AePS and bill payments, and now, we’re proud to offer UPI.”

Suresh Rajagopalan, CEO, Wibmo, a PayU Company said, “Our partnership with Spice Money for the launch of Spice Pay reaffirms our commitment to offer Digital Banking and Payments platform services to every corner of India. By combining our technological prowess with Spice Money’s extensive network and deep understanding of rural India, we are opening new avenues for millions of Bharat’s citizens. ‘Spice Pay’ is not just a solution; it’s a testament to the power of collaboration, product innovation, and modern technology stack in driving financial empowerment.”

Previous Article

September 07, 2023

tell.money delivers open banking solution to crypto banking platform, Colossos

Read More
Next Article

September 07, 2023

5 FinTechs leveraging AI to empower investors in the UK

Read More













IBSi Daily News Analysis

Embedded Finance

September 29, 2023

Bharat Citizens

Banking is becoming byte-sized with rise of Embedded Finance, Temenos study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

September 29, 2023

AMLYZE selected by KREDA as compliance software provider

Read More

September 29, 2023

Marstone and Jack Henry partner to boost digital wealth experience

Read More

September 29, 2023

Flutterwave & Capgemini to launch engineering mobility program in India

Read More

Related Reports

Sales League Table Report 2023

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q2 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q2 2023

£1,500.00 / year

Know More
Testing & QA for NextGen Bank Tech Q3 2023

£500.00 / year

Know More
Treasury & Capital Markets Systems Report Q2 2023

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023