Infozech’s Transaction Processor powers OxiCash Wallet

Oxigen offers stored value wallet solution for Indian consumers

New Delhi , India April,24,09

Infozech, today announced that Oxigen Services Pvt Ltd has deployed Infozech’s real time transaction processor to launch OxiCash, a stored value wallet. Infozech’s award winning technology has been certified as the fastest transaction processor in the world which is capable of processing more than a billion transactions per hour.

Using this wallet (which is accessible over all access technologies), the user can pay for a host of services which include Oxigen’s Aggregated services such as  Pre-paid mobile recharge, DTH recharges, telephone payments, train & bus tickets, as well as other services aggregated by Oxicash , such as Air tickets, car rentals, hotel room bookings, movie tickets , utility bill payments , various e-commerce sites (gadgets, apparels, flowers, astrology services, gifts, electronics, etc.), mobile content and insurance payments.

Of course, Oxigen’s pan India retail footprint provides a huge advantage, to take to market, the Oxicash wallet service. Consumers use these Oxigen Retail Points to top up their wallet with Cash, for further use on the varied-tied in services.

The OxiCash wallet is also integrated with the Microsoft LIVE platform, thus automatically creating a free email id each time a wallet is created for a consumer. Thus, all Oxicash users get free access to Microsoft LIVE services, by simply using their OxiCash wallet ID and Oxicash password to log on.

OxiCash will drive the next wave of e-commerce in the country. Oxicash holds significant value for consumers as it addresses most common challenges of ease of use and security while providing the flexibility of cashless transactions for the unbanked.

OxiCash provides an ideal platform for marketers & consumers to come together and trade in a secure environment. The merchants & service providers benefit from access to a large pool of consumers and the consumers benefit by getting easy ‘Anytime, Anywhere’ access to a wide variety of commonly used products/ services.

Infozech brings the core technology that enables this service using which a consumer can make cashless transactions to pay for goods and services using any device using internet via a secure authorization process. With this deployment, Infozech has taken a significant step towards broadening its market place. “Infozech is delighted to be a part of such a significant event redefining the mobile value added services landscape in India . It is a great pleasure to partner Oxigen in bringing cost effective & creative solutions to the forefront ", said Ankur Lal , CEO, Infozech.

Mr. Pramod Saxena, Chairman of the group said “The strategic partnership with Infozech helped us to build stored value wallet solution tailored to Indian consumers’ needs with quicker time to market on new features and functionalities.  Infozech’s technology and their expertise has helped us build a strong eco-system of partners and an easy to use stored value wallet which together offers a very strong value proposition for the consumer.” Mr. Saxena added, ”Infozech perfectly complements Oxigen as a partner with each bringing their core strengths to this partnership.”

About Infozech

Infozech is a leading provider of real time transaction processing technology & revenue management solutions to payment processors and telecoms. Headquartered in India , the company has over 40 global deployments across 5 continents. Infozech enables emerging and established telcos, IP carriers, broadband and wireless service providers to enhance their global competitiveness, increase efficiency, interface better with customers, achieve bottom line improvements and realize their business objectives.

Visit Infozech’s web site at www.infozech.com for further details.

About Oxigen

Oxigen is a market leader in the concept of electronic distribution of prepaid recharge and bill payment services in India . Oxigen is primarily into  

a)     electronic distribution of pre-paid recharge vouchers for all the telecom operators, DTH Service providers,  long distance calling cards, internet & VoIP cards, etc.

b)     other transaction and payment management services like telecom/utility bill payments.  

Oxigen’s strong distribution network is spread across the country with close to 50,000 retail outlets, including point of sale terminals, cyber cafes, and ATMs.  

Oxigen has investment from Microsoft Corporation, USA and Blue Label Telecom, South Africa .  

In a short span of 4 years the company has expanded its service portfolio to handle – Mobile Recharges, TV Recharges, Entertainment, Radio, Calling cards, Internet packs, Movie tickets, Cash Cards etc.  

You can visit Oxigen’s website www.oxicash.in ; www.myoxigen.com  for further details.