India's first social mobile wallet is here!

Payment solutions provider Oxigen Services India has launched India’s first social mobile wallet service, Oxigen Wallet.

It has tied up with Fastacash to offer the services. 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 a large number of online merchants, a statement said.

Oxigen  has so far processed over 2 bn payment transactions exceeding Rs 20,000 crores. It has served several hundred million mobile customers at retail, processing nearly half a billion transactions annually, has already acquired 1.5 million mobile wallet accounts, clocking close to 1 mn transactions a month.

By using the Oxigen Wallet service, which is currently available through Apple Store and Google Play Store and the web, users can now easily send money to their friends and family using their favorite social channel, without ever needing the receiver’s bank account details.

Along with money, users can also send photos, videos, and audio and text messages to personalize the transfer. In the coming weeks, users will also be able to gift or ask for a mobile recharge.

 “The unique social connect brought to us through our exclusive partnership with Fastacashâ„¢, 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 and managing director of Oxigen Services (India).

“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 and CEO, Fastacash.