OxiCash unveils its Instant Money Transfer Service. A service that enables the unbanked masses of India, to transfer money without any hassles to any bank account and receive money into the Wallet 24 x7.
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Oxigen Services India Pvt. Ltd. an ISO 9001:2008 certified company, is India’s Largest Payments Solutions Provider.
Oxigen is in the business of service aggregation, distribution and payment processing/collections. This business is built to service the nations Telecom/DTH Operators, multiple Services Providers and Banks, pan India.
A large spectrum of services are included such as Prepaid, Post paid & Subscription based services like Mobile Recharge, Bill Payments , Ticketing and Subscriptions for all leading Telecom operators, Direct-to-home TV Operators, Internet Broadband Service providers, Railways/ Airlines/Bus/Movie Ticketing, Bill Payments (for Utilities, Post-paid Bills, Landline bills), Prepaid Value-added services, Subscription services (Music & Movie downloads ,Internet Packs, Magazines etc) Donations, Calling Cards, Insurance and a large bouquet of Banking services, and that too on a single platform.
With a retail footprint of 100,000 outlets & has 30 million transactions per month.
The company works closely with Banks for enablement of various microfinance initiatives of the Government promoting services like SBI Kiosk Banking, ICICI Bank for Saral Money Card- UID related Aadhaar cards, Yes Bank for Money transfer services, Electronic Benefit transfers ,SBMC’s cash-in/out, Peer to peer, Wallet to any Bank, Merchant payments that are available at Oxigen retail.
Oxigen provides Online & on Mobile merchant payments using a signature Whitelable solution for many telecom operators, bank-led m/e-Wallets and online Banking portals like Airtel Money, ICICI Quick Shopping, SBI, HDFC, Corporation Bank and many more.
Oxigen’s Wallet “OxiCash” is India’s First Non Banked Mobile Wallet approved by RBI, for Instant Money Transfers to any bank, using NPCI’s Immediate Payment Service (IMPS), 55 major banks are enabled for this service. State Bank MobiCash, India’s first Full Service Wallet that is issued by SBI uses Oxigen technology.
Oxigen is in partnership with Blue Label Telecom (South Africa).