Oxigen Corporate Blog Posts

It has been almost 8 months since demonetisation and Financial Inclusion & remonetisation needs to be carried out in full swing with an aim to reduce cash transactions and enable more digital exchange of transactions. Financial Inclusion is meant to bring in the poor, vulnerable and weaker sections of the population into the main stream and provide them affordable, safe, secure banking and other services thereby insulating them from the clutches of moneylenders and others who were exploiting them till now. It is a rapidly growing objective among smaller banks, microfinance institutions, lending organizations and other non-banking financial businesses. With…

PoS (Point of Sale) machines are small compact devices which are used to make payments at retail markets and shops. Mostly in today’s time we see that these machines are used to make payments through credit/debit cards only, but what if we have a similar device which can offer more services to consumers such as Aadhaar integration to facilitate AEPS (Cash In/Cash Out), Bank Transfers, eKYC using Aadhaar, NFC (Tap Pay), all Card Payments (Rupay, Visa, Master Card), Cash @ PoS using Cards to withdraw money just like an ATM. ATM machines are costly to install. They need a dedicated…

Globally, 2 billion people have no access to formal financial services. There are great gaps especially for women, the very poor, and those living in rural areas. Because of their precarious situation, poor people need financial services even more than the non-poor not only to save or build for the future, but often to survive day-to-day. According to a recent study 20.6% of India’s population lacks access to basic bank accounts. However, mobile penetration is on the rise. 76% of India’s population now has access to a mobile phone, making this a promising, cost-effective channel to deliver financial services to…

Micro ATM is a compact device that looks like a card swiping machine but is capable of providing branchless banking to the last mile. Micro ATM in combination with a biometric sensor which can capture ones Aadhaar details can help banks and payment solution companies tap large unbanked sector effectively as they can use these devices along with their banking correspondent/retail network to deliver low cost banking solutions to the unbanked customers.Micro ATMs are Point of Sale (PoS) Devices that work with minimal power, they connect to central banking servers through GPRS, thereby reducing the running costs considerably. Micro ATM…

Success in the workplace is all about relationships, and no relationship is more critical than the one you have with your boss. Being able to do your work well is important, but the most successful people are the ones who work well with others, including your boss. This doesn’t mean being friends with your boss, but you definitely need them to feel respected. Having a boss who thinks you’re competent and capable is important to workplace ability, advancement and your overall job fulfillment. A boss who dislikes you can make your life hell, while life in the sunshine of your…