Paynearby vs Spice Money

Paynearby and Spice Money stand out as two prominent companies offering similar services but with subtle distinctions. Let’s delve into a detailed comparison between Spice Money and Paynearby based on key aspects highlighted in the provided sources.

Commission Structure

When comparing the commission structures of Paynearby and Spice Money, both companies offer competitive rates. While the exact commission rates vary based on transaction amounts, both companies strive to provide fair compensation to their users.

  • Paynearby Commission: Paynearby also provides a competitive commission structure, with AEPS commissions ranging from ₹0.25 to ₹7.5 and bill payment commissions at ₹0.25 per transaction.
  • Spice Money Commission: The commission structure of Spice Money is competitive, offering varying rates based on different transaction amounts. For example, AEPS commissions range from ₹0.50 to ₹10, and bill payment commissions are ₹3 per transaction.

User Interface and Experience

Spice Money is known for its user-friendly interface, although some users find it slightly confusing. On the other hand, Paynearby offers a straightforward interface but may lack the same level of simplicity as Spice Money.

Popularity and Ratings

Paynearby has garnered over 5 million downloads but with a slightly lower rating of 4.1 stars on the same platform. In contrast, Spice Money boasts over 1 million downloads and a commendable 4.4-star rating on the Google Play Store.

Services Offered

Both Spice Money and Paynearby offer a range of essential services, including balance inquiry, AEPS withdrawal, mini statements, money transfers, mATM services, recharges, and bill payments. Notably, Spice Money stands out by providing PAN card services, a unique offering not available through Paynearby.

Additional Features

Both companies offer customer care and CRM services to assist users, ensuring a seamless experience. Moreover, Spice Money and Paynearby support multiple languages to cater to a diverse user base, enhancing accessibility for all users.


Paynearby and Spice Money are reputable companies in the AEPS sector, each with its strengths and unique offerings. While their commission structures are comparable, users can choose a service provider based on their specific requirements and preferences. This detailed comparison aims to provide users with valuable insights to make an informed decision when selecting an AEPS service provider for their financial transactions.

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