With the new service of Oxigen Wallet from Oxigen Services India Pvt Ltd., 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.
Oxygen has revolutionised money transfer services for the unbanked population through its connect with National Payment Corporation of India (NPCI). 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.
The service is currently available through Apple Store & Google Play Store and the web. users can now easily send money to their friends and family using their favorite 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.
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.