Srikanth
Mumbai based instant credit facilitating platform ePayLater is expanding its unique short-term credit payment model to Oxigen wallet users. By entering into a partnership with Oxigen, the one-stop shop for all payment needs, ePayLater will allow Oxigen wallet customers to “Buy Now, Pay Later” to purchase VAS services from the in-app billers and customers can then pay for services availed at a later stage. ePayLater’s one-of-a-kind ‘Buy Now, Pay Later’ service will allow Oxigen users to avail hassle-free credit with a 14-day, interest-free period. Through the partnership, ePayLater will be able to extend its state-of-the-art services to a larger target markets withOxigen’s existing user base.
ePayLaterhas already enhanced the customer experience for Oxigen users, who are able to make faster transactions without worrying about immediate payment. Without having to enter any sensitive bank information, ePayLater will offer a seamless and secure checkout experience for customers.
Speaking on the tie-up, Aurko Bhattacharya, Co-founder, ePayLater said, “We are thrilled to partner with Oxigen and extend our services to its large customer base. Through the tie-up, we hope to bring our seamless, state-of-the-art credit solution to Oxigen customers. Oxigen has a wide retail distribution network and has been a pioneer in the offline distribution of digital services. By engaging with this network, we hope to bring more innovative solutions to the market both in the online and offline sphere.”
Ankur Saxena, CEO, Oxigen, added, “We are extremely delighted to partner with ePaylater. This 14-day interest-free credit period offered to our users will attract young users to use Oxigen Wallet’s VAS services more frequently, thus increasing the number of transactions. Oxigen Wallet users will now be able to make timely Bill payments without depending upon other sources of income for making payments.”
ePayLater and Oxigen have rolled out their combined services pan-India and are offering customers across the country a chance to shop with utmost convenience. The service will enhance the spending capacity of Indians and will give a significant boost to digital transactions in the country.
About Oxigen Services India Pvt. Ltd.
In the last 14 years, Oxigen has established nationwide payments ecosystem, in a seamlessly networked environment, using its proprietary technology to deliver payments and remittances in real time and facilitate easy access to “last mile” banking, remittances and other financial products, within the convenient reach of people, with a focus on rural India. Oxigen is one of India’s Largest Payments Solutions Provider. Oxigen provides inter-operable, low-cost wireless technology driven infrastructure, integrated with Aadhaar, agnostic to banks and telecoms, and is delivering affordable services to the masses including banking services, promoting saving products, insurance, pension and more. Oxigen has a long standing, where it is not only a trusted Partner to the Banks, but are also customer favoring, by providing them door to door banking services, especially in rural and remote areas. Oxigen provides branchless banking services integrated with Aadhaar to facilitate Aadhar Based Banking like Cash In/Cash Out from bank account, Bank Transfers and merchant payment services with NFC (Tap Pay), Card Payments (Rupay, Visa, Master Card, Maestro), Bharat QR, Bhim UPI, Aadhaar Pay, Cash @ PoS using Cards. Traditional services also include Recharges for Telecom, Internet data and DTH Prepaid, Postpaid Recharges, Money Transfer, Travel (IRCTC Railways/Airlines/Bus) Tickets, Movie Tickets, Utility Bill Payments, Gift cards & value-added services, through its network of 1,00,000 retailers who, in turn, provide these services to end customers.
Oxigen services are device agnostic and available through its flagship point of sale device “OxigenMicroATM”, Oxigen Retail website and Oxigen mobile App. Oxigen is National Banking Correspondent for State Bank of India and Ratnakar Bank (RBL Bank) with over 30,000 BC agents and 20,000 deployed with MicroATM’s, as part of Honorable Prime Minister’s Financial Inclusion and Digitization program in rural India. Oxigen’sMicroAtm’s are also being deployed at Co-operative banks, Smart cities, IOCL petrol stations, Mother Dairy outlets.
Oxigen also provides Online and on Mobile Merchant Payments services, using Oxigen’s signature white-label solution to many telecom operators/banked mobile Wallets like Airtel Money, Vodafone mPesa& Idea Cash and online/mobile banking portals of ICICI Bank & SBI and many more.
Oxigen also has a Mobile Money Wallet, branded as Oxigen Wallet (“OW”) and is a Prepaid Payment Instruments (“PPI”) license holder issued by RBI. With RBL Bank, Oxigen wallet offers a card for Corporate reimbursements, and provides Loyalty solutions on mobile, to companies like FuturePay with a 5 million user base now.
Oxigen also has India’s first All-in-One Pre-Paid Debit Card based Expense Management Solution in collaboration with Rupay and RBL Bank. Oxigen offers this solution to SME’s and large corporate offering them services like Flexi Benefits for their employees – Food, Fuel, Mobile, LTA, Books and Periodicals, Rewards & Recognition Disbursement, Travel Advance, Petty Cash Disbursement, Digital Marketing Expenses, Vendor Payments, Employee Incentives and Salary Disbursement without Bank Account Opening.
Check out exclusive interview with Aurko Bhattacharya, co-founder, ePayLater
Press release by value360india
