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Spayu

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Agent-based payments platform enhancing financial inclusion in rural India.

Overview

Spayu is a fintech company that operates an agent-based payments platform designed to facilitate various financial transactions, such as money transfers, cash deposits, and bill payments. The company focuses on rural areas in India with the objective of enhancing financial inclusion by connecting consumers with authorized agents who assist with in-person transactions. The platform supports Aadhaar Enabled Payment System (AEPS) services, allowing for basic banking transactions using Aadhaar cards, and also provides recharge services. By utilizing a broad network of agents, Spayu aims to address the issue of limited access to financial services, while ensuring secure transaction processing and creating opportunities for local merchants and distributors.

Key facts

Founded
2020
Headquarters
Murshidabad, India
Sector
Payments

Business model

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About Spayu

What does Spayu do?

Spayu is a fintech company that operates an agent-based payments platform designed to facilitate various financial transactions, such as money transfers, cash deposits, and bill payments.

Where is Spayu headquartered?

Spayu is headquartered in Murshidabad, India.

When was Spayu founded?

Spayu was founded in 2020.

Which sector is Spayu in?

Spayu operates in Payments, part of Financial Technology.

Who are Spayu's competitors?

Companies similar to Spayu include Zrupee, NaveenPay, and mCashPoint.