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10 Best Retail Solution Providers 2017

Oxigen: Meet the Digital Payment Expert Established as India’s Largest Payments Solutions Providers


“By digitizing cash, we are transforming lives. We are making cashless recharges, money transfers and payments convenient.”

Powered by 12 years of service excellence in the digital business of micro payments of services and remittances in a ‘real time’ environment, Oxigen Services India Pvt. Ltd. has been at the forefront of financial inclusion in India and is India's Largest Payments Solutions Provider. Its business involves service aggregation and distribution, utilizing mobile, PoS and web for online payment processing and money transfer services. It is built to service the nation's Telecom/DTH Operators, multiple Services Providers and Banks, pan India.

The company today, 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.

India’s first Non-Bank Mobile Wallet app, Oxigen Wallet is 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. The 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.

Incorporated with a mission to establish a robust nationwide payment ecosystem, in a seamlessly networked environment, using mobile technology to deliver payments and remittances in real time, the company facilitates easy access to last mile banking, remittances and other financial products, within the convenient reach of people, with a focus on rural India.
The company offers differentiation with the following factors:
• Cost effective robust platform for large scale micropayments on real-time.
• Telco & Bank agnostic platform with end to end delivery of the value chain. A business model that is sustainable with low margins.
• Device agnostic delivery of services.
• Nurturing innovation to develop a low-cost GPRS PoS terminal in-house for use in both rural & urban geographies.
• A host of services which covers both the online and offline payments space in India; thereby making Oxigen a unique payment service provider in India

Services Offered
Distribution Services-Join Oxigen as a Distributor (RMU), a Retail Outlet (RO), or as a channel partner. Start a Retail Outlet with very low investment and become Retail Management Unit if you have good market networking, in your city.
Banking Services- Join Choose from becoming a Banking Kiosk, Banking Correspondent (BCA/CSP), or a Money Transfer Agent. They process Banking transactions, pan India.

Consumer Services- Oxigen has launched its consumer services through Oxigen Wallet, the erstwhile OxiCash that offers a mobile wallet access to a gamut of services like Recharges, Money Transfers, Bill Payments, Entertainment, Travel etc.

Knowing the Leader

Pramod Saxena, Chairman and Managing Director- A Chemical Engineer from IIT-Roorkee, worked in various capacities spanning over 38 years and was associated with DCM Group, Essar Group and Motorola. His rich and varied experience spans Telecom, BPO, Steel, Petro Chemicals & Fertilizer industries where he had held lead responsibilities for Mergers & Acquisitions (M&A), setting up green field projects, Joint Ventures (J&V) and managing business operations in India & abroad.

In early stage of his career, Pramod was involved in various operations management and project monitoring & controls as a lead in the headquarter of the CMD's office for the biggest fertilizer, chemical and petrochemical company, DCM, in India from 1976 to 1987. Projects included a unique waste based cement plant, expansions of PVC& caustic soda plants and a captive power plant.

Pramod's main entrepreneurial venture, Oxigen, pioneered the digital micro payments industry, which he leads himself. Pramod founded Oxigen Services (India) Pvt. Ltd. in 2004 (formerly known as 'India Prepaid Services Pvt. Ltd), and he presently serves as its Chairman and Managing Director. In the past the company received investment from Citi Venture Capital (USA) and Microsoft (USA).

Offering 12 years of service excellence

2,00,000 customer touch points pan India, that connect to urban & rural areas with small merchants using Low Cost GPRS PoS and Web.

Home grown technology, connects to all Telcos, Major Banks, Utility providers, NPCI and UIDAI.

An Agnostic Platform, accessed by both Banks and Telcos, that is strong, reliable and bank grade.
Processed 2 Billion Transactions & Aggregating $ 4 Billion (of which $1.5 Billion is from Cash remittances) to date:
• 600 million Transactions p.a.
• 150 million unique customers, availing services from Oxigen of which 50 million+ are onlin
• Opened 4.8 million Jan Dhan accounts
• 12 million transacting mobile wallets, using mobile/digital money

Mobile wallet based remittances are presently $ 100 million per month, and will rapidly scale up to $150 million per month in 6 months.

“We will build a low cost payments service delivery infrastructure available nationwide, integrated with Aadhaar, that can be shared by corporates, banks, and telcos, alike.”

“Our vision is to inspire trust and to transform lives, through leadership in digital payments, nurturing social and financial inclusion.”