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India
2018 (8 Years)
Last online: No recent activity
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This company is currently Unproved.
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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.
Get to know Spay India
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.
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