Oxigen mobile wallet launched in India; lets you share money over social networks

149286354-624x351
- Advertisement -

Payment solutions provider Oxigen today launched its mobile wallet (mWallet) service, Oxigen Wallet, through which users can transfer money, purchase gifts for their friends and family on social networking platforms.

Besides, users would also be able to use their wallet to recharge their mobile phones, pay bills and shop across a large number of online merchants.

“Ours is the country’s first social mobile wallet service through which people can share money with their friends and family over their preferred social networks and messaging platforms like Facebook, WhatsApp, Google+, and Twitter,” Oxigen Chairman and Managing Director Pramod Saxena told PTI.

The service will find a high usage among the youth who go out for meals with their friends, split bills, send smaller but more frequent gifts to one another, he added.

Besides, they can also use the service for their own mobile recharges, bill payments and for payments on merchant sites like for movie tickets, to book travel tickets, pay for pizza, get music and movie downloads, etc, Saxena said.

“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,” he added.

By using the Oxigen Wallet service, which is currently available through Apple Store and Google Play Store, users can send money to their friends and family using their favourite social channel, without ever needing the receiver’s bank account details, Saxena said.

Along with money, users can also send photos, videos and audio and text messages to personalise the transfer. In the coming weeks, users will also be able to gift or ask for a mobile recharge, he added.

Oxigen has processed over 2 billion payment transactions exceeding Rs 20,000 crore, through small retail, modern retail chains and banking websites.

The firm processes nearly half a billion transactions annually and has already acquired 1.5 million mobile wallet accounts, clocking close to 1 million transactions a month.

PTI

- Advertisement -

Related Articles

What is SLED, how realme gave TV industries a new look with the help of this technology?

Realme has also made a strong place in the TV segment after smartphones. The company has used SLED technology in its TV segment which...

PUBG Mobile will not return to India, PUBG Mobile Ban in India Permanent for now

PUBG News: Several Chinese apps were banned by the Indian government, including the popular Battle Royal game PUBG Mobile. The game had a large...

Samsung Galaxy A42 5G may be launch with the latest Snapdragon 750G processor, the report reveals

Samsung's upcoming smartphone Samsung Galaxy A42 5G has been in the discussion for a long time. Recently...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

43,172FansLike
535FollowersFollow
45,700SubscribersSubscribe

Latest Articles

What is SLED, how realme gave TV industries a new look with the help of this technology?

Realme has also made a strong place in the TV segment after smartphones. The company has used SLED technology in its TV segment which...

PUBG Mobile will not return to India, PUBG Mobile Ban in India Permanent for now

PUBG News: Several Chinese apps were banned by the Indian government, including the popular Battle Royal game PUBG Mobile. The game had a large...

Samsung Galaxy A42 5G may be launch with the latest Snapdragon 750G processor, the report reveals

Samsung's upcoming smartphone Samsung Galaxy A42 5G has been in the discussion for a long time. Recently...

How To Protect Your Smartphone From Hackers, then follow these Tips

protect your smartphone from hackers: Smartphone usage has increased sharply in the Corona era, so hacking cases...

Vivo launched its first Smartwatch Vivo Watch equipped with a heart rate and blood oxygen sensor

Vivo has launched its first smartwatch Vivo Watch. This latest smartwatch has been made available in 42mm...