Oxigen launches Social Mobile Wallet Service “OXIGEN WALLET”

Oxigen, an innovator and leader in Payment solutions, has announced the launch of social mobile wallet service – Oxigen Wallet. With the introduction of the new service, people will now be able to share money with their friends and family over their preferred social networks and messaging platforms like Facebook, WhatsApp, Google+ and Twitter. They will also be able to use their wallet to recharge their mobile phones, pay bills and shop across a large number of online merchants.

Oxigen serves several hundred million mobile customers at retail, processing nearly half a billion transactions annually, has already acquired 1.5 million mobile wallet accounts, clocking close-to 1 million transactions a month. Ranked number 1, on NPCI’s mobile banking platform IMPS, facilitating Instant Money Transfer across 60+ banks, Oxigen now sees the opportunity to leverage the social connect to India’s 900 million mobile users and 100 million Facebook accounts, where the youth is rapidly adopting social media apps like WhatsApp, Twitter, etc.

By using the Oxigen Wallet service, which is currently available through Apple Store and Google Play Store and the web, users can now easily send money to their friends and family using their favourite social channel, without ever needing the receiver’s bank account details. Along with money, users can also send photos, videos, and audio and text messages to personalize the transfer. In the coming weeks, users will also be able to gift or ask for a mobile recharge.

“Merging payments with social and mobile will change the way people pay for their everyday needs.  We will continue to evolve the service by adding more products and features, thereby creating an ecosystem for payments where you will no longer need multiple mobile apps for payments of different services. In other words, a single mobile app will meet all your payment needs and set money free, in its true senses,” said Pramod Saxena, Founder, Chairman & Managing Director, Oxigen Services (India) Pvt. Limited.

Security is at the crux of the technology, and each feature comes in-built with multiple layers of security, making this new wallet service an extremely secure way to transact. This service is bank and operator agnostic, which means that everyone on a mobile irrespective of telecom operator can download the app and use the Oxigen Wallet. A consumer can also easily send money to a non-wallet user by simply selecting the receiver from their social network, email or phone list.