Oxigen Services India Private Limited, today announced the launch of its social mobile wallet service, Oxigen Wallet. With the new service, 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 different online merchants.
The company sees the potential of social media usage to bring better solutions to the market and simplify payments.It has already acquired 1.5 million mobile wallet accounts, clocking close to 1 million transactions a month.
“The unique social connect brought to us through our exclusive partnership with Fastacash™, places Oxigen Mobile wallet distinctly apart from any other player in the market. Merging payments with social and mobile will change the way people pay for their everyday needs. We will continue to evolve the service by adding more products & features, thereby creating an ecosystem for payments where you will no longer need multiple mobile apps for payments of different services. In other words, a single mobile app will meet all your payment needs and set money free, in its true senses,” said Pramod Saxena, Founder, Chairman & Managing Director of Oxigen Services (India) Pvt. Limited.
“We believe that social is going to play a critical role in the adoption of new technologies, especially as it relates to payments. India’s youth is adopting new services and technologies at a rapid pace. They are using their mobile devices to access content and stay connected through social platforms like Facebook, WhatsApp, Viber, Twitter, among others. With Oxigen Wallet, we are able to bring our innovative solution to the Indian consumer, who will now, for the first time, be able to securely share money and airtime with friends and family, across any social network and messaging platform,” said Vince Tallent,Chairman & CEO Fastacash.
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