Finally it seems that Digispice is picking up the pace…and it has happened post the concall.
The management seems bullish on the future prospects. They are adding new products on their app which will give them operating leverage.
So far their bread and butter has been Aeps Cash In / Cash Out business and it has plateued now.
Their market share is increasing but overall sector growth is not too much.
They are continuosly increasing their market share but then there is limit to what they can reach.
In order to break the dependency from the AePS business, they have diversified into other products and its showing on their PnL. They are into high margin business of CASA openings / Loans to Adhikaris / Customers / EMI Collection.
The share of AePS on overall business is decreasing and other business share is increasing.
The business has just started picking up pace and it will continue to scale up.
Its a huge market to grow.
On top of that their decision to wind up Legacy business is in best interest of company. Single focus they will work on expanding Spice Money.
Hoping to see business picking up pace from here on.
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