Payment solutions provider Oxigen Services has appointed former Bharti Airtel executive Saleem Mobhani as its new Chief Operating Officer. Mobhani will oversee daily operations at Oxigen; he will also be responsible for strengthening the market position of Oxigen Wallet.
Mobhani has about 20 years of experience in industries including Media, Entertainment, and Telecom. Prior to Oxigen, he held the role of VP, Global Partnerships at Saudi Telecom. He has also held various executive and advisory roles at Vserv; VP, Digital, Media and Entertainment at du; Senior VP and Head of mEntertainemnt at Bharti Airtel; VP and COO at Hungama Mobile; and Director at indiaFM.
Oxigen claims to have processed over 2 billion transactions until February, along with a transaction volume rate of 600 million per year. The company claims to have more than 20 million registered wallet users.
Big Bazaar partnership: Earlier In February, Big Bazaar Direct, the ecommerce arm of retail provider big Bazaar, tied up with Oxigen to let its retailers sell goods from Big Bazaar Direct through Oxigen’s platform at physical stores. Oxigen’s retailers will not need to invest in stock or have space for products, since they’ll be delivered by Big Bazaar Direct to users’ homes or retail points. Users of Oxigen can buy online and pay by cash over the counter for the orders.
Oxigen hives wallet business as Phi Enterprises: In November 2015, Oxigen Services said that it would be hiving off its online businesses, which includes its digital wallet, into a separate entity known as Phi Enterprises. At that time, Oxigen’s deputy managing director Sunil Kulkarni told MediaNama that the company had planned to de-merge the online business as part of its payments bank licence application.
Other updates from Oxigen:
-In February, Oxigen Services partnered with Creditnation.in to facilitate the procurement of loans through the Oxigen Wallet. As an introductory offer, both companies provided a cashback of up to Rs 5000 on successful loan disbursals.
-In August 2015, Oxigen Services had 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.
-In the same month, Oxigen Wallet entered into a strategic tie-up with PVR Cinemas to allow consumers to be able to use Oxigen on the PVR website and the PVR mobile application.