Press release from Business Wire India
Source: Oxigen Services India Pvt. Ltd.
Thursday, September 13, 2012 03:50 PM IST (10:20 AM GMT)
Editors: General: Consumer interest, Economy, Lifestyle, People; Business: Banking & financial services, Business services, Electronic appliances & components, Information technology; Technology
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Oxigen Launches India's First Mini ATM cum PoS Device, a Game Changer in the Electronic Payment Space
OXISHAAN.Gaon ki Jaan !!
Gurgaon, Haryana, India, Thursday, September 13, 2012 -- (Business Wire India) -- India has about 100,000 bank ATMs and only a small percentage of the 640,000 villages in India have access to banking services. The broadband service roll out to these villages is very slow, however, GPRS connectivity is very good.
Oxigen realized the vacuum of ATM facilities & decided to devise a unique solution that would help bridge the gap, and, overcome the cash withdrawal and deposit issues, in Rural India.
Oxigen tied up with Telepower, China, to design and develop a GPRS Point of Sale business terminal, with its own proprietary software, that now will enable even the smallest of small mom and pop shops/Kirana stores, to become a customer touch point for ATM like banking services.
Today Oxigen, with its associate, Telepower, is proud to launch India's first Mini ATM named OxiShaan.
The OxiShaan Mini ATM PoS Terminal is especially designed for rural deployment, has the functionality of a Phone, GPRS connectivity, Printer and Battery back-up to combat power failures. It is enabled with a plethora of Utility, Merchant Payments and Mini-ATM services;all rolled into one single business device. Oxigen plans to add over 2,50,000 PoS enabled mini-ATM's in the next 3 years, which will be a Game Changer in the electronic payment space and will bring banking and electronic payments at the doorstep of even the remotest village.
OxiShaan is also developed in an aligned manner, to enable the Government's payments disbursement plans like NREGA, Pensions, Subsidies, etc. which are to be disbursed only through bank Accounts. As a Business Correspondent to State Bank of India, Oxigen has already proven its capability to deliver Govt. payments, by opening over 100,000 pension accounts, in remote village locations in the State of Tamil Nadu. This has resulted in immense benefit and convenience to the old age pensioners for Pensions delivery via EBT (Electronic Benefit Transfers).
On this Occasion, Mr. Pramod Saxena, Chairman Oxigen, said that the masses of India will not only have benefits of ATM like banking services such as Cash In , Cash Out, but will also have the advantage of paying for utility services like Mobile recharges, DTH Recharges, Merchant Payments, at one single point . "OxiShaan" terminal is specially designed to offer all these services. Very soon a large number of Oxigen's 1,00,000 retail touch points, that continue to grow by the day, will provide ATM and Government payment services to India's underserved poor.
Mr He Zhiming, CEO, Telepower, China, commented, "We are proud to associate with Oxigen, India's premium payment solution provider, to produce a POS Business device. We have worked with Oxigen over the past one year, and our joint efforts will bear fruit now. As Telepower's mission is to integrate intelligence to make communication smooth, we know that OxiShaan, will be a great success. We wish Oxigen achieves it goal of providing rural India, all their services, at a single one stop shop, with a smart connectivity device like OxiShaan".
OXISHAAN is a portable Mini ATM with a phone and GPRS connectivity.
The special features of this ATM are;
-- Process Oxigen services business transactions like Mobile & DTH recharge Bill payments etc.
-- Battery backup, so that ATM is functional even in power cuts
-- Process ATM services like Cash Out , even from Banked Wallets & IMPS and Cash In through IMPS
-- Capability to send & receive SMS based transactions, even when GPRS is not working for any reason.
-- Can make Merchant payment through IMPS
OXISHAAN.Gaon ki Jaan
Company Information:
About Oxigen:
Oxigen Services India Pvt. Ltd. is India's First and Largest Payments Solutions Provider, who aggregates and distributes a plethora of Services.
A company that handles aggregation & distribution of Prepaid services like Mobile Recharge, Bill Payments , Ticketing and Subscriptions for all leading Telecom operators, Direct-to-home TV Operators, Internet Broadband Service providers, Railways/ Airlines/Bus/Movie Ticketing, Bill Payments (for Utilities, Post-paid Bills, Landline bills), Prepaid Value-added services, Subscription services (Internet Phone Packs, Magazines etc) Donations, Calling Cards, Nokia Music, Insurance and a large bouquet of Banking services on a single platform.
Oxigen has a retail footprint of 100,000 outlets & has 30 million transactions per month. Oxigen has joint hands with SBI for enablement of Kiosk Banking at Oxigen Outlets & Yes Money for Money transfer services.
Oxigen is also the technology providers for India's first Full Service eWallet from State Bank of India called MobiCash, with cash-in/out, peer to peer, wallet to any Bank, Merchant payments as well, and has also as partnered to ensure market availability of MobiCash at Oxigen retail.
Oxigen provides merchant payments to many such telecom operator, bank led wallets and online Banking portals like Airtel Money, ICICI Quick Shopping, SBI, HDFC, Corporation Bank and many more.Oxigen is in partnership with Blue Label Telecom (South Africa).http://www.myoxigen.com/ And http://www.oxicash.in/
About Telepower:
Established in 1999, Telepower is a leading provider in the design, manufacture and marketing of advanced telecommunications devices, covering PBX, PABX, POS, EVD (electronic voucher distribution), SMS Printer, Fixed wireless phone/payphone, fixed wireless terminal, IP phone and Billing meter. Our expertise in these areas allows it to satisfy the demands of global partners and assist them in their pursuit of innovation. Telepower delivers its high-quality, cost-effective products and ODM&OEM services to over 200 partners in more than 50 countries around the globe.
Telepower has been recognized for its outstanding products and services and has attained high rankings in a number of areas. Our electronic voucher distribution terminal and SMS printer, for example, were the world's most-shipped over the last 3 consecutive years. Further, its PBX is occupying more than 40% market sharing in China mobile in terms of market share growth.
Adhering to the core values "To achieve self-value through selflessness" and" Integrate intelligence to make communication more smoothly" mission, we determine to make "Telpo" into a professional, well-known brand, and we sincerely hope that we can establish business relationships with you in the near future.
To view the photograph, please click on the link given below:
He Zhiming, Telepower China, Pramod saxena - Chairman Oxigen
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/IMG_1(15).jpg
IMG_1(15).jpg
CONTACT DETAILS
Meher Sarid, President - Corporate And Customer Management, Oxigen Services India Pvt. Ltd., +91 (124) 3950106, Meher.sarid@myoxigen.com
Tony Hong, Telepower, 0086-757-86337898, business@telpo.com
KEYWORDS
CONSUMER, ECONOMY, LIFESTYLE, PEOPLE, BANKING, BUSINESS SERVICES, ELECTRONICS, IT, TECHNOLOGY
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