India's pioneer services aggregation and recharge company has made a foray into the much needed Financial Inclusion sector with a Bang. By partnering with State Bank of India to deliver mainstream financial services to the excluded using kiosk banking technology, Oxigen's business has reached 1 Million transactions in its very first year of operations.

The company has already clocked Rs 500 crore business in the first 10 months of operation making it fastest growing company in the Business Correspondent industry.

Oxigen has deployed its robust and advanced platform by engaging over 1400 retailers and enabling them with not only SBI’s kiosk banking but also Oxigen’s proprietary single point recharge technology to successfully achieve a sustainable monthly transaction volume of over Rs 100 Crore.

This bundling of services has been the Company’s greatest strength in allowing us to surpass our competitors, even after being a late entrant, as it enhances the retailers viability and efficiency.
It has also been the key reason why Oxigen has been able to achieve these accomplishments with a 67% rural deployment. With an existing retailer base of over 100,000 Oxigen can easily reach its target of Rs 1000 Cr monthly banking business in about 2 years.

Oxigen has teamed up with Union Money recently to leverage the mobile banking platform to further extend the reach and convenience of financial inclusion.
With the upcoming launch of State Bank MobiCash on Oxigen’s in-house mobile wallet platform and aggregation of wallet services, Oxigen shows an even greater promise of contribution to the mobile payments sector.
Oxigen and Its Mobile Wallet OxiCash have aimed to build India's most valuable company in payment and financial services domain.