Oxigen launches Oxicash, India’s first stored value wallet

Revolutionising the way India pays, Oxigen Services Pvt Ltd on Thursday launched OxiCash, a prepaid stored value wallet, accessible through the mobile or PC a first of its kind in India, allowing users to make payments for a host of services such as prepaid mobile & TV recharges, telephone bill payments, travel services, e-commerce sites, mobile videos, music, games and other utility/insurance bill payments. This is an innovative and welcome addition to ?Hassle free? transactions.

Announcing the launch, Oxigen Services India Pvt. Ltd. Founder Chairman and Managing Director Mr. Pramod Saxena said: ?OxiCash is slated to drive the next wave of m/e-commerce in the country. We intend to offer a unique facility of making easy payments over SMS, GPRS or Web, with OxiCash. This will not only bring convenience, mobility of making payments, but also give flexibility to consumers. OxiCash will provide all its partners with an innovative payment platform to reach their potential customers.?

OxiCash, the latest entrant in the mobile payment category will enable users to buy recharge PINs for a multitude of services such as Prepaid Mobile Phones, Tata sky and DishTV recharge coupons, Telephones, Electricity and Water bill payments, Air ?Rail ?Bus tickets, shop online for apparels, accessories, cameras, notebooks/computers and peripherals, electronic items, home appliances,watches, jewellery, health and beauty aids, downloading mobile entertainment content and many more products.

What’s more, OxiCash adds a new dimension to the service and is going to be especially beneficial to subscribers wanting to pay/buy from remote locations, without using GPRS. A subscriber can soon avail the opportunity of booking movie tickets while stuck in a traffic jam, or for making a payment for pizza delivery, for kids at home, while stuck in a late meeting at office.

All OxiCash partners/merchants who will accept a payment through SmsPay will have a friendly and easy to remember ID. A subscriber has to SMS payment amount along with merchants friendly id to 9870 888 888 in a simple pre-defined format.

The amount will get debited from your OxiCash wallet and credited in favour of the Merchant. Both the subscriber and the Merchant will get confirmatory SMS messages from OxiCash with transaction details and amount.

Bringing immense benefit and convenience to customers, OxiCash has also launched of two large web portals for OxiCash services for retailers and consumers namely;

1.www.oxitravel.in for Domestic and International Air Travel on all airlines using OxiCash

2.www.oxibillpay.in for Utility Bills payment like electricity, water, gas, insurance &, magazine subscription and donations to CRY and many such organisations.

With these two services, subscribers have many services to use OxiCash. For easy access these two services have been also linked to company?s main e-commerce website http://www.oxicash.in

Best of all, OxiCash limits the risk of exposing your limits of credit card/debit card/bank account. Further, OxiCash top-up gives full value, it has no fixed fee/rental and levies no transaction fee for majority of transactions. It is a safe and secure unified payment solution enabling users to access diverse services.

All OxiCash partners are listed on the website http://www.oxicash.in

An OxiCash account can be opened free of charge from website http://www.oxicash.in, from mobile using GPRS through wap site wap.oxicash.in or by simply sending sms OXICASH to 9870 888 888. A 6-digit password is sent to consumer for transacting using OxiCash. Users can top-up an OxiCash account by paying cash at any of the 50,000 Oxigen outlets across the country or online on http://www.oxicash.in through Net Banking from all major banks. OxiCash is compatible across the board with any access technology, be it a GSM, CDMA, WiFi, DSL or a Dial-up connection. When used on mobile, OxiCash is compatible with all data access technologies such as GPRS, Edge, 3G or Wimax etc. Every transaction on OxiCash on web, Wap and sms is confirmed back to consumer in the form of sms on his/her mobile with information about type of transaction, amount and reference.

About Oxigen Services India Pvt. Ltd.

The primary focus of Oxigen Services has been on Recharge, Subscriptions, Billing and Payments through Electronic Distribution.

Oxigen handles aggregation of Recharge, Bill Payments and Subscriptions, for all leading Telecom Operators, Internet Service Providers, Direct-to-Home TV (Dish TV and Tata Sky), Prepaid Value-added Services (MobiBuzz), Bus, Railways and Airline ticketing on a single platform.

It has enhanced its bouquet of services significantly by adding new services like Utility Bill Payment, Insurance, Online Games, and Applications and its recently launched web and mobile wallet solution, OxiCash, the Virtual Wallet.

This Platform further distributes these services to Oxigen?s pan-India retail network of approximately 50,000 touch points, which is expected to expand to 250,000 by 2010.