Big Idea

Oxigen Services

With a retail payments business that's profitable, Oxigen is hoping its consumer wallet business to break even soon

|
Published 5 years ago on Apr 06, 2016 2 minutes Read

Launched in 2004, Oxigen has created a closed-wallet platform where consumers can pay cash for services at small shops, kirana stores and customer service centres in rural areas and big stores in urban areas. This money is then credited to the retailer’s wallet and can be used to make payments. Oxigen has 2 lakh retail access points at which 600 million transactions were done last year; this year, the figure will rise to 750 mill

unsub

You don’t want to be left behind. Do you?

Our work is exclusively for discerning readers. To read our edgy stories and access our archives, you’ve to subscribe