Banking & Finance 28 May 2025
How to become a Spice Money agent
Becoming a Spice Money agent (also known as an "Adhikari") enables you to offer a range of digital financial services, including money transfers, bill payments, AEPS (Aadhaar Enabled Payment System), and more, particularly in rural and semi-urban areas.
- Eligibility Requirements
To become a Spice Money agent, you need:
- An Android smartphone or a computer with internet access
- Valid Aadhaar card
- PAN card
- Active bank account
- A small one-time registration fee (typically between ₹1,000–₹2,000, depending on your region)
- Registration Process
You can register through either the mobile app or the web portal:
Option 1: Via Mobile App
- Download the Spice Money Adhikari App from the Google Play Store.
- Open the app and tap “Join Spice Money Now”.
- Enter your mobile number and verify it using the OTP sent to your phone.
- Fill in your personal details, including Aadhaar and PAN information, bank details, and shop/business information.
- Upload the required KYC documents.
- Submit the form and wait for verification. Once approved, you'll receive your Adhikari ID and login credentials.
Option 2: Via Web Portal
- Visit the official Spice Money agent portal at b2b.spicemoney.com.
- Click on “Join Us” or “Share your details. Our team will contact you”.
- Fill out the form with your name, contact information, and location.
- Upload your PAN card and address proof.
- Submit the form. After review, you'll receive a confirmation email with your agent ID and login credentials.
Services You Can Offer
As a Spice Money agent, you can provide:
- AEPS Services: Cash withdrawals, balance inquiries, and mini statements using Aadhaar authentication.
- Money Transfers: Instant domestic transfers via IMPS and NEFT.
- Bill Payments: Utility bills, mobile/DTH recharges through the Bharat Bill Payment System (BBPS).
- Mini ATM Services: Cash withdrawal services using debit cards.
- PAN Card Services: Assistance with new applications and updates.
- Travel Bookings: Bus, train, and flight ticket bookings.
- Insurance & Loans: Access to micro-insurance and small loans through partnered institutions.
- Digital Dukaan: Sell products online through a personalized digital shop.
- E-Governance Services: Support for government schemes like PM-Kisan, e-KYC, voter ID registration, and more.
Earning Potential
Your earnings are commission-based and depend on the volume of transactions you process. For example:
- AEPS Withdrawals: ₹5–₹15 per transaction
- Money Transfers: ₹5–₹25 per transaction
- Bill Payments: ₹1–₹10 per bill
- PAN Card Services: ₹50–₹100 per application
- Ticket Bookings: ₹20–₹200 per ticket
- Insurance/Loans: Variable commissions based on the product
Customer Support
For assistance, you can contact Spice Money:
- Customer Care Number: 1800-123-4567
- Email: customercare@spicemoney.com
- Website: spicemoney.com
Becoming a Spice Money agent is a viable opportunity to offer essential financial services in your community while earning commissions.