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Oxigen PoS to upgrade Jan Dhan Yojana services for payments

Payment solutions provider Oxigen Services has introduced ‘Super PoS’, a device that will upgrade a network of 200,000 locations under the Jan Dhan Yojana. According to the company, it will bring the platforms of financial inclusion, cards payment and recharge/bill payments on the PoS device. The Super PoS will have micro ATMs according to UIDAI/NPCI specifications, a biometric reader for Aadhaar transactions and eKYC, a built in NFC with tap and pay debit card and magnetic swipe for Rupay, VISA, MasterCard debit and credit cards. The PoS has GPRS and a SIM card slot and 2 smart card slots, with LAN and WiFi options along with a built in printer for customer receipts. It will also support money transfer, IMPS, Oxigen wallet, insurance and mutual fund services, Aadhaar and Jan Dhan accounts, merchant payments and mobile payments via SMS and USSD. The Bharat Bill payments system, a recharge and bill payment app, will be pre-installed on the machine. Oxigen claims that the services can be used by the banking, telecom and utility bill payment industries, along with industries which use Aadhaar services like pensions and provident funds, government CSCs, chain stores, retailers, banking kiosks and money transfer agents. The Super PoS, running Linux, will be able to support a keyboard through USB. It has a battery backup of 8 hours for continuous usage and several days of standby, apparently. Oxigen claims that the PoS currently serves 150 million customers, does 600 million transactions annually with 1.3 million Jan Dhan accounts.…

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I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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