September 27, 2022




Fintech agency Spice Cash Wednesday mentioned it carried out 1.2 crore transactions throughout April and achieved gross transactional worth (GTV) of Rs 2,400 crore because it goals to deepen its footprint within the nation.

Spice Cash is a tech-enabled hyper-local funds participant providing cash-in and cash-out, invoice funds and mPoS (cell point-of-sale) companies, amongst others.

“Spice Cash achieved a feat of finishing up 12 million transactions inside the month of April. The transactions generated an enormous Gross Transactional Worth (GTV) of Rs 2,400 crore, firmly establishing Spice Cash as a most popular platform to hold out monetary transactions for the unserved and underserved inhabitants within the nation,” the corporate mentioned in a launch.

Spice Cash has launched new product choices and enriched present ones to additional its aim of extending digitised transactional advantages to a big part of individuals, it added.

“We hope to broaden our footprint even deeper in India and function the bridge between the served and the un-served, offering monetary companies to each particular person with restricted accessibility,” mentioned Dilip Modi, chairman, Spice Cash.

The corporate, along with its Aadhaar-based fee system, has added a Mini-ATM function that permits customers to hold out debit-card primarily based transactions.

Spice Cash has additionally partnered with service suppliers akin to Yatra for travel-related transactions.

The corporate has “dense footprints” in states like Bihar, Jharkhand, Madhya Pradesh, Rajasthan, Chhattisharh and Uttar Pradesh, it added.

(This story has not been edited by Enterprise Commonplace workers and is auto-generated from a syndicated feed.)

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