In a giant leap towards digital payments and cashless economy, the Reserve Bank of India (RBI) gave accent to Oxigen to setup Bharat Bill Payments Operating Unit (BBPOU). This comes under the Bharat Bill Payments Systems (BBPS) commissioned by the National Payment Corporation of India (NPCI); in order to disrupt the traditional cash based economy and mark a shift toward cashless payments, following in line with the global standards.
The principal approval by RBI allows Oxigen to connect with the central bill payments and settlement system of NPCI, also known as BBPS. Owing to Oxigen’s extensive 2,00,000 retail touch points located across the country, customers will now be able to avail digital bill payment services either by cash or wallet.
Further, Pramod Saxena, Chairman & Managing Director, Oxigen Services said, “This is a significant moment for Oxigen, as our 150 million customers would now be able to access a much larger portfolio of billers. Oxigen will now further expand its reach with the use of BBPS’s platform, in addition to our current existing set of direct billers. Additionally, our customers have the ease of paying cash over the counter for these billers at our 2 lac retail outlets or using the Oxigen Wallet, in real time, pan India. We are glad that the government has shown faith in our services, to contribute towards a cashless economy .”
Clearing bills often drains and exhausts a lot of time that can otherwise be utilized in meaningful pursuits. Oxigen has in the past processed bills by connecting directly to various billers. Getting the license from the RBI would further increase Oxigen’s reach to all billers falling under the ambits of Bharat Bill Payments System.
Oxigen has a retail footprint of 2,00,000 outlets and has processed over 2 billion transactions till date with a current transaction volume rate of 600 million transactions per annum. It has a large customer base of over 150 million. A large bouquet of services is integrated into a single transaction & payment processing platform, including Prepaid, Postpaid & Subscription based services like Mobile Money Transfer, Recharges, Bill Payments, Ticketing and Subscriptions for all leading service providers across a wide spectrum of industries, like, Telecom, Direct‐to‐home TV, Internet Broadband, Travel (Railways/Airlines/Bus), Cinema/Movie Tickets, Utility Bill Payments, Gaming, Music & Movie downloads & more.
Oxigen Wallet is Indian Non-Bank Mobile Wallet app, approved by RBI, which allows you to send and receive money through popular social channels like Facebook, Whatsapp, Twitter, SMS and Email. A customer can instantly send money to any mobile number or bank account in India, even if the recipient is not a registered Oxigen Wallet user.
Oxigen Wallet services include money transfer/ Mobile/DTH/Data Recharges, Postpaid, Utility bill payments and Gift Cards for over 60+ brands. Customers also earn loyalty points that can be redeemed as cash into the wallet or as PayBack points.
Oxigen Wallet, with 20 million users, is a product of Oxigen Services Pvt. Ltd, Indian payment service provider. Accepted at over 9000 merchant locations and 10000 online sites like bookmyshow, ebay, PVR, OYO Rooms, Jabong and more. It offers a safe, secure and convenient payment solution via the mobile.
Loading money into Oxigen wallet app is easy; you can use credit cards, debit cards or pay cash over the counter through any of Oxigen’s 2,00,000 retailer / partners across the country.
