Oxigen Services has launched All-in-One Pre-Paid Debit Card based Expense Management Solution in collaboration with Rupay and RBL Bank.
The company claims to be India’s first card which offers On-the-Fly EKYC for instant Card Activation. Oxigen’s strategic move comes in the wake of digitising employee benefits and reimbursements which as per a recent study the industry accounts for approximately over Rs. 50,00 crores and it is largely paper based.
For Employees, benefits comprise of 100% PoS Acceptance Nationwide, Works both as a pre-paid Debit Card on PoS and virtual card on E-commerce sites, Multiple Use Mode – Online, Offline and ATM, Cash Withdrawal from ATM.
Oxigen is also a National Business Correspondent to SBI and RBL bank with over 20,000 BC agents.