Company Information

Get to know Spay India

Spay India, a brand of Spay Technology Private Limited and part of the Spice Money group, is a business-to-business (B2B) fintech firm focused on driving financial inclusion in India. The company has established a large network of merchants, known as "Spay India Adhikaris," primarily in rural and semi-urban areas. It empowers these merchants with a digital platform to offer essential financial services to their local communities, including Domestic Money Transfer (DMT), Aadhaar Enabled Payment System (AePS) for cash withdrawal and balance inquiry, bill payments, mobile recharges, and micro-ATM services. Spay India's mission is to bridge the digital divide by making financial services accessible to the underbanked population.

Industry

Financial PSP GatewayPRIMARY
Financial Other Service

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Spay India

India

Founded in

2018 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

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ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.