3 fintech companies plugging the gap in financial inclusion (India)

India is poised for a Financial services disruption and the following are the fintech companies that are on a mission to plug the gaps in access to various financial services for the masses across the length and breadth of India:

Spice Money

spice money financial service

Spice Money which is a part of Spice Digital. the company’s main motive to launch Spice Money to ease the money related transaction at ground level by providing Spice mini ATM, bill payments options, airtime recharge and mPoS services. It has around 85% of the accumulative 150,000 Customer Service Points (CSPs) in semi-urban and rural India due to a deep presence in ‘Bharat’.

They have dense footprints in BIMARU region, comprising the states of Bihar, Jharkhand, Madhya Pradesh, Rajasthan, Chhattisgarh & Uttar Pradesh; accounting for 65% of India’s population. So, with the help of wide Spicemoney agent netwrok, it helps in bridging the gap across financial services in India.

Oxigen Services

Oxigen Wallet

Oxigen provides branchless banking services integrated with Aadhaar to facilitate Aadhar Based Banking like Cash In/Cash Out from bank account, Bank Transfers and merchant payment services with NFC (Tap Pay), Card Payments (Rupay, Visa, Master Card, Maestro), Bharat QR, Bhim UPI, Aadhaar Pay, Cash @ PoS using Cards. Traditional services also include Recharges for Telecom, Internet data and DTH Prepaid, Postpaid Recharges, Money Transfer, Travel (IRCTC Railways/Airlines/Bus) Tickets, Movie Tickets, Utility Bill Payments, Gift cards & value-added services, through its network of 1,00,000 retailers who, in turn, provide these services to end customers.



EbixCash is emerging as one of the leading Financial Exchanges in India. With a ‘Phygital’ strategy (physical experience with digital backend) that combines more than 260,000 physical distribution outlets to an Omni-channel online digital platform.

EbixCash has established an Enterprise Financial Exchange portfolio that encompasses leadership in digital payments solutions, money transfer services (domestic & international), travel, insurance and corporate & incentive solutions.

Note: Above article & info contributed by Value360india.com and h2smedia is not liable for any of the above mentioned.