Material subsidiary Spice Money gets RBI in-principle authorisation as Payment Aggregator-Physical
Spice Money Ltd, material subsidiary of DiGiSPICE, has received RBI in-principle authorisation to operate as a Payment Aggregator-Physical (PA-P) under the Payment and Settlement Systems Act, 2007.
By ScoutQuest · · 1 min read
- Authorization Type
- in-principle authorisation to operate as a Payment Aggregator-Physical (PA-P)
- Regulatory Authority
- Reserve Bank of India
- Condition
- Final authorisation only after RBI's conditions are met within the stipulated timeline.
RBI in-principle nod as a physical payment aggregator
DiGiSPICE Technologies has informed the stock exchanges that its material subsidiary, Spice Money Limited, has received an in-principle authorisation from the Reserve Bank of India to operate as a Payment Aggregator-Physical (PA-P) under the Payment and Settlement Systems Act, 2007. The information was received by the company by email dated 23rd October, 2026.
What the company says the approval does
- In the annexure to the intimation, the company states the in-principle authorisation will help Spice Money Limited scale-up its revenue through expanding and leveraging its merchant network as a Payment Aggregator - Physical.
- The regulatory or licensing authority named is the Reserve Bank of India.
It is in-principle, not final
- The company states the in-principle authorisation is subject to fulfilment of conditions specified by RBI within the stipulated timeline, after which final authorisation will be granted.
- In simple terms, this is an opening approval; the final licence follows only once those conditions are met.
How it was communicated
- The intimation is dated October 23, 2026 and is signed by Pankaj Arora, Whole-time Director and Company Secretary.
- It is addressed to both BSE (Scrip Code: 517214) and NSE (Scrip Code: DIGISPICE) under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
What a retail investor can take away
- This is a business-enabling regulatory step for the subsidiary, and the company's own stated use for it is revenue scale-up through the merchant network.
- The next checkpoint the company itself points to is the final authorisation, which depends on meeting RBI's conditions within the timeline set by the regulator.
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