"Mobile wallet service SpiceMudra records transactions worth Rs 200 crore in 100 days. Targets to reach transactional value worth Rs 600 crore by June 2016," Spice Digital said in a statement.
The company received wallet authorisation from the Reserve Bank in April this year and then expanded its reach across India.
In the month of October the company recorded transactions worth Rs 50 crore including that of enterprise payments as well as domestic remittances.
SpiceMudra facilitates domestic money transfers and all kinds of utility services payments like bill payments, recharge and railway ticketing services.
Spice Digital's android app for SpiceMudra caters to B2B retailers.
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