Spay India: Rendering Comprehensive Fintech Services Through One Portal
Fintech is empowering consumers to take charge of their financial lives, leading to much greater financial literacy than ever before. It is tearing down the old silos and helping to advance the consumers’ financial situation and outcomes by leveraging advanced technologies. Fintech startups have brought a significant change in the economy and major changes in how we make payments.It specializes in technology growth to support banking and financial industries. Everything from a consumer’s ability to go online and see their financial transactions to apps that allow you to pay friends to tools that allow financial institutions to make quick lending decisions are all part of the evolution of financial services.
One such youngest and the fast¬est-growing company offering fin¬tech services through its advanced fintech portals using Cash2Account banking business model is Spay India. Spay India enables money trans¬fer for all Bank account holders and works as a hub for other financial services. The company aims to connect clients in India through its financial bridge. Spay serves the lower segment of the pyramid by providing them with services of authentic banking which they deserve.
One Of The Most Advanced And User-Friendly Fintech Portals
For instance, a migrant labourer working hard and earning money in cash, working in a different part of the country wants to send his earnings to his family in his village which is in some other remotest/rural parts of the countrycan do it through Spay India’s merchant present close to him and send money directly to the ac¬count of his family.
Spay India has its merchants close to the labourer’s village as well as from a place where his family can visit and withdraw money by using their Aadhar Card through the company’sAeps service or their Debit Cards by using them ATM
device.Spay India has accomplished this by rendering continuous training and education across India to merchants through its trained sales professionals.
“The turnover of Spay India last month was 1200 crore and we are achieving rapid growth every month, continuously. We have achieved this business with the easiest and one of the most advanced fintech portalavailable in the retail channel of the country,” says Nikhilesh Tiwari, Founder & CEO, Spay India.
Mini-Bank
Spay India’s services make its merchants’ shop more like a Mini-Bank and the merchant who acts as a banker provides almost all types of banking services that can be availed through a bank’s branch such as Deposit and transfer services for which the company has money trans¬fer (DMT) service, Cash withdrawal service for which it provides Aeps and mATM services.
The company also offers an Account Opening facility where it has partnerships with various banks whose accounts can be opened through Spay India’s merchant, Loan, and Insurance facilities.
What differentiates Spay India from the other players is the company’s bouquet of services available in a single portal,through which the customers can avail of any of the services, while it allows merchants to make commissions.
“While Fintech has taken over banks, we are also setting firm feet in the grounds of the country and contributing maximum share in the digitization of the country. Spay India aims to deliver it by becoming one of the major shareholders within the next 5 years in the Indian digitization space,” concludes Nikhilesh Tiwari.
“The turnover of Spay India last month was 1200 crore and we are achieving rapid growth every month, continuously. We have achieved this business with the easiest and one of the most advanced fintech portalavailable in the retail channel of the country,” says Nikhilesh Tiwari, Founder & CEO, Spay India.
Mini-Bank
Spay India’s services make its merchants’ shop more like a Mini-Bank and the merchant who acts as a banker provides almost all types of banking services that can be availed through a bank’s branch such as Deposit and transfer services for which the company has money trans¬fer (DMT) service, Cash withdrawal service for which it provides Aeps and mATM services.
The company also offers an Account Opening facility where it has partnerships with various banks whose accounts can be opened through Spay India’s merchant, Loan, and Insurance facilities.
What differentiates Spay India from the other players is the company’s bouquet of services available in a single portal, through which the customers can avail of any of the services, while it allows merchants to make commissions
What differentiates Spay India from the other players is the company’s bouquet of services available in a single portal,through which the customers can avail of any of the services, while it allows merchants to make commissions.
“While Fintech has taken over banks, we are also setting firm feet in the grounds of the country and contributing maximum share in the digitization of the country. Spay India aims to deliver it by becoming one of the major shareholders within the next 5 years in the Indian digitization space,” concludes Nikhilesh Tiwari.
