Oxigen Remittance Services - IME and Oxigen Services India jointly launch Indo-Nepal Remittance Service

Posted by: at 12/07/2016 01:46:00 am

IME Ltd. and Oxigen Services India Pvt. Ltd. have announced the launch of Indo-Nepal Remittance services through Oxigen network in India and IME network in Nepal. Amid a special event held at Hotel Shangrila, Kathmandu, the services were jointly announced by IME Managing Director Mr. Hem Raj Dhakal and Oxigen Services Chairman and Managing Director Mr. Pramod Saxena.

IME Ltd. and Oxigen Services India jointly launch Indo-Nepal Remittance Service
Oxigen Remittance Services - IME and Oxigen Services India jointly launch Indo-Nepal Remittance Service

Speaking at the event Mr. Hem Raj Dhakal said, “The start of services between IME and Oxigen will open new doors for migrant Nepali workers in India. Oxigen is a digital financial service provider and IME is slowly moving into digital financial services. In this age of digitization this new service will help remittance inflow from India and people will be able to send money easily to Nepal.”

Chairman and Managing Director of Oxigen Services India, Mr. Pramod Saxena, said “This is yet another milestone achieved by Oxigen today, we believe that with this money transfer service corridor in place, it would be highly beneficial to nationals of Nepal residing in India, to send money to their friends and family in Nepal. Our vast reach in India will assist the partnership in achieving great success.”

With the start of remittance operations between IME Ltd. and Oxigen Services India Ltd., nationals of Nepal residing in India, for employment, can now easily send money to Nepal through Oxigen’s 30,000 banking touch points of the total 2,00,000 Oxigen retail network locations, across India. The receivers in Nepal can receive the amount through more than 5400 agent locations of IME in Nepal. IME will provide account deposit facilities to these customers besides cash payment options.

RBL bank in India and Global IME Bank in Nepal are the banking partners for fund settlements for Oxigen and IME respectively.

About IME

IME Ltd. (formerly known as International Money Express Pvt. Ltd.) is the No. 1 Remittance Company of Nepal specializing in the delivery of world class money transfer services to families and friends around the globe. Established in 2001 as a money transfer company, with license from Nepal Rastra Bank, IME today brings in the largest volume of inward remittances in Nepal boasting of a widespread international presence spanning 25 countries, a network of over 150,000 locations worldwide, domestic network of more than 5400 agent locations and 149 IME Centers and a customer base of millions. IME has recently been awarded as the “Best Remittance Company 2016” by Frost and Sullivan under Nepal Best Practises Award. It has also received Highest Tax Payer Remittance Company award by Government of Nepal for 3 consecutive years.

About Oxigen Services 

 Oxigen Services India Pvt. Ltd., powered by 12 years of service excellence in the digital business of micro payments of services and remittances in a ‘real time’ environment is India's Largest Payments Solutions Provider.  Its business involves service aggregation and distribution, utilizing mobile, PoS and web for online payment processing and money transfer services. It is built to service the nation's Telecom/DTH Operators, multiple Services Providers and Banks, pan India.

 Oxigen has a retail footprint of 2, 00,000 outlets and has processed over 4 billion transactions till date with a current transaction volume rate of 600 million transactions per annum. It has a large customer base of over 150 million. A large bouquet of services is integrated into a single transaction & payment processing platform, including Prepaid, Postpaid & Subscription based services like Mobile Money Transfer, Recharges, Bill Payments, Ticketing and Subscriptions for all leading service providers across a wide spectrum of industries, like, Telecom, Direct‐to‐home TV, Internet Broadband, Travel (Railways/Airlines/Bus), Cinema/Movie Tickets, Utility Bill Payments, Gaming, Music & Movie downloads & more.

Oxigen Wallet is India’s first Non-Bank Mobile Wallet app, approved by RBI, which allows you to send and receive money through popular social channels like Facebook, Whatsapp, Twitter, SMS and Email.  A customer can instantly send money to any mobile number or bank account in India, even if the recipient is not a registered Oxigen Wallet user.

In 2016, Oxigen Services introduced its Micro ATM. Oxigen MicroATM provides Aadhaar Biometric based transactions for financial services such as Cash-in/ Cash-out, Instant bank account opening, Balance Enquiry, Funds Transfer to another Aadhaar linked Bank account, PAN card, EKYC service, Pension Payments.

Oxigen Wallet services include money transfer/ Mobile/DTH/Data Recharges, Postpaid, Utility bill payments and Gift Cards for over 60+ brands. Customers also earn loyalty points that can be redeemed as cash into the wallet or as PayBack points.

Oxigen Wallet, with 30 Million users, is a product of Oxigen Services Pvt. Ltd, India’s largest payment service provider.  Accepted at over 9000 merchant locations and 10000 online sites like Bookmyshow, ebay, PVR, OYO Rooms, Jabong, and more, Oxigen Wallet offers a safe, secure and convenient payment solution via the mobile.

Loading money into Oxigen wallet app is easy; you can use credit cards, debit cards or pay cash over the counter through any of Oxigen’s 2,00,000 retailer / partners across the country.

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