Spice Money Achieves Milestone: Rs 11,485 Crore GTV in March 2025

Spice Money, a subsidiary of DiGiSPICE Technologies, has reported a record-breaking Customer Gross Transaction Value (GTV) of Rs 11,485 crore in March 2025, surpassing its previous high of Rs 11,387 crore in October 2024. This achievement underscores the company's leadership in rural financial services and its commitment to driving financial inclusion across India.  

The growth was primarily fueled by a surge in Aadhaar-enabled Payment System (AePS) transactions, which contributed Rs 5,306 crore to the overall GTV. Spice Money's AePS market share expanded to 18.3%, reflecting its dominance in this critical segment. The company also recorded its highest-ever sale of over 70,000 subscription packs, indicating increasing adoption of its services among rural customers and Adhikaris.  

Additionally, Spice Money's Cash Management Services (CMS) witnessed remarkable growth, doubling from Rs 2,000 crore to Rs 4,000 crore within a month. This surge highlights the growing reliance on the company's infrastructure for secure cash handling in semi-urban and rural areas.  

Key highlights include:  
- Record GTV of Rs 11,485 crore in March 2025, driven by AePS transactions.  
- AePS market share rose to 18.3%, solidifying leadership in rural financial services.  
- Over 70,000 subscription packs sold, boosting service adoption among Adhikaris.  
- CMS volumes doubled to Rs 4,000 crore, reflecting increased trust in Spice Money's infrastructure.  

Dilip Modi, Founder and CEO of Spice Money, emphasized that this growth reflects the rising financial confidence of rural India and the company's dedication to building a digitally inclusive economy.  

Sources: Business World, FinTech BizNews, Pinkerala.