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How Oxigen is changing the Retail Payment Eco System in India?
~ Bridging the Offline to Online Payments Connect
~ The true digitisation of cash


While the world is talking of e or m-wallets, the first question that comes into everyone’s mind is how does one load money into mobile wallet? What does one do, if one doesn’t have a credit or debit card, or if one doesn’t wish to use the Net Banking option?


The answer is Oxigen Micro ATM and Oxigen’s network of Retail Outlets, which allows Cash loading into the Oxigen Wallet thus becoming the most cost effective and convenient way of going cash to digital.

1. Converting cash to digital
This is a clear differentiator, from all other wallets, especially in a country with a vast majority of unbanked who have to go digital. All people need to do is, walk into any of the Oxigen’s 200,000 retailers or partner stores across India and hand over the cash over the counter to the shop keeper to load cash into the wallet and go cashless.

The Oxigen wallet can also be loaded by other methods like credit card, debit card, Net banking or IMPS. Currently, people pay cash over the counter for Oxigen Wallet Top Up, Mobile, DTH, TV Recharges for all operators and bill payments. Now this cash is taken by the shop keeper, who transfers it into his bank account. After that, he deposits some amount of money into Oxigen’s Bank account to do business with Oxigen. Oxigen further passes this money as a Trading Amount into the shopkeeper’s Retail Oxigen Account, in virtual currency. Hence, the Cash gets digitized.


2. The easiest way to do P2P money transfer
The Oxigen wallet is the most efficient way of sending money to a merchant, friend or to a bank account. The transfer is instant and available at one’s fingertips - 24x7. So, if your friend is in need at 2 am at night, you can transfer emergency funds instantly into his wallet or to his bank account.

A unique factor with Oxigen wallet is that, a wallet holder can transfer money to any person’s mobile number, even if that person does not have an Oxigen wallet. The non-user gets an SMS informing him that he has received “X” amount of money and download Oxigen wallet to get the money. The recipient is given 7 days to download and register for the Oxigen wallet. Post the seventh day; if the recipient has not downloaded the wallet, the money is refunded back to the senders Oxigen Wallet account. Else if it is downloaded, the amount gets credited into the recipient’s new Oxigen wallet.

Oxigen was the first mobile wallet to introduce instant money transfers via social media in 2014. With an Oxigen wallet, one can transfer money to any bank, or even via social media like WhatsApp, Facebook, Twitter & Email.

Any user of any wallet, today, is not charged for loading the wallets, nor are they charged for payments of recharges etc. however, the moment one has to transfer the money from the wallet to any bank account, a nominal charge is levied.

So, the next time you need to pay corporate reimbursements, salaries for domestic help, the milk man, the newspaper guy, the local vegetable kiosk or you decide to split a pizza or go dutch to watch a movie, just use the Oxigen Wallet … India’s leading digital wallet with vast offline network!