Spice Money is a trusted, backed by an RBI-certified service. They offer better exchange rates than banks for Wire Transfer. If you’re not sure how to get started, read on to learn how to get your own agent ID. Once you’ve got it, you can start sending money today. Spice Money’s login page is easy to use, but you must have some basic information to get started.
India’s Finest Domestic Money Remittance Service
Spice Money has been called the “India’s finest domestic money remittence service” and is a popular remittance service in the country. The money transfer service is easy to use and offers a variety of ways for individuals and businesses to send money. It offers a wide range of payment options including bank transfers, cash, credit card payments, and other remittance services. You can easily sign up for the service at their official website. To get started, simply enter your email address and password to create an account. If you do not know your password, you can reset it online.
Spice Money has a highly developed technology platform and has a strong presence in the rural and semi-urban markets, with dense footprints across BIMARU states. The technology platform architecture and tech DNA of Spicemoney is robust, scalable, and offers relevant solutions and exceptional user experiences. It has also developed a Cloud Infrastructure that uses cutting edge technologies. The technology is available in more than 18,000 pin codes and over 700 districts and 5,000 blocks in the country.
RBI-Licensed & Certified Domestic Money Remittance Service
In the current financial year, Spice Money has processed more than four crore transactions, nearly seven times its total size two years ago. Its success is a testament to its efficiency and growth. In the first half of FY2021, Spice Money has generated revenue of Rs 270 crore. Despite the recent growth in the remittance industry, Spice Money has no immediate plans to expand globally and remains laser-focused on its core market of rural and semi-urban India. The company has raised a total of $4 million in venture capital.
Users can make transfers to and from their bank accounts using their mobile phone numbers using their Spice Money wallet. The money is securely stored in the wallet, which is backed by an RBI-licensed and certified domestic money remittance service. To use the service, users must register by entering their name and email address on the Spice Money official website. Registered agents can perform transactions and provide services to others.
Currency Exchange Site
Generally speaking, you will get better exchange rates from a currency exchange site than if you use a bank. To determine whether a currency exchange site is worth using, do some research and shop around. If you’re sending money internationally, it is important to understand the market trends and compare rates from various sources. Also, check if a certain time of year is better for sending money internationally. A good place to begin is the internet.
Another factor is the speed of money transfer. You can choose between a few hours and five days. Faster transfer speeds can be useful if you have a specific need. Another important factor is the amount received. These are the total amounts you will receive after fees and exchange rates. Spice Money offers better exchange rates than banks for Wire Transfer. You can also use their wire transfer facility to transfer money internationally.
In order to receive your agent ID, you will have to pay the respective fee. This fee varies depending on the type of Spice Money ID you purchase. The agent ID costs 1500 Rupees and is necessary for activating all services within the Spice Money platform. To get your ID, visit the official Spice Money website, select “Join Now” and enter your first and last names, city, and state.
Once you’ve been approved, you can begin booking and completing payments. You can also book flights using Spice Money. And if you’re a travel agent, you can use your agent ID to pay for your customers’ air tickets. Depending on your area of specialization, you can even use Spice Money to pay your PAN card bill. If you’d prefer to get your own ID and be your own boss, you can sign up for the Spice Money agent program and start earning through the program.