Oxigen

ItzCash’s Attempt To Make India Financially PHYgital

In the mid-2000s, Internet penetration had just begun in the lower sections of society and mobile adoption was increasing. But, when it came to payments or any kind of financial transactions, there was cash and only cash. “In 2005-2006, 97% was cash and only 3% was digital,” begins Naveen Surya, the co-founder of payments platform ItzCash. “This … Continued

Maximum e-wallet transactions in 25-35 age group: data

Livemint.com , November 24, 2016 Maximum e-wallet transactions in 25-35 age group: data E-wallets such as ItzCash and Oxigen are being used by people to buy groceries, pay utility bills and book tickets because of a cash crunch following the government’s demonetization drive. The maximum amount of transactions is attributed to the 25-35 age group, … Continued

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Industry Body to Lobby Regulators for Use of Tech to Speed up Loans

The Economic Times, Mumbai, September 19, 2016 Financial technology companies, banks, peer-to-peer (P2P) lending platforms and insurance companies are coming together to lobby hard with the Reserve Bank of India (RBI) and other regulators to allow increased use of technology for faster loan disbursement and easier on boarding of customers. These entities have come together … Continued