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Oxigen Launches an Initiative to Empower Visually Impaired with Banking Services

Source : BUSINESS_WIRE
Last Updated: Mon, Dec 02, 2013 18:10 hrs

New Delhi, Delhi, India:Participating in an Exhibition, organised with the support of Ministry of Social Justice and Empowerment, Government of India, under the aegis of ‘National Conference on Harnessing Technology for the Empowerment of person with Visual Impairments’, Oxigen Services India Pvt. Ltd, India’s pioneering payment solutions provider launched an initiative to support people with visual impairment to enable them to avail banking services that they otherwise till now have been eluded from.



Speaking on the occasion Mr. Pramod Saxena, Chairman and Managing Director, Oxigen Services India Pvt. Ltd said, “Oxigen’s vision is to engage in the financial inclusion space and to provide banking services to the unbanked. Persons who may be challenged experience hardship in accessing banking services. Oxigen’s initiative is among a series of steps we are taking to bring marginalised sector into the financial and banking mainstream. Providing access to banking, to people with vision impairment is a need that Oxigen seeks to address through Kiosk banking in association with its Banking partners SBI and ICICI and through a simple and easy to use Oxigen Mobile wallet, enabled with screen reading software like JAWS and Talks. I am delighted to launch this initiative at the Conference in partnership with NAB centres. I do hope that we will have opportunities to extend this initiative to many more similar institutions.”

Ms. Shalini Khanna, Honorary Secretary of NAB said, “We at National Association for the Blind India Centre, New Delhi are happy to be a part of the initiative by Oxigen to empower visually impaired by providing them easy and convenient access to banking services. Oxigen’s plans’ to train NAB students for their Recharge business through web is truly a great step and which provides earning capability. It is a source of encouragement to our students to gain an entrepreneurial skill and be financially independent. The effort of Oxigen and thought behind it is really commendable."

Oxigen is a Business Correspondent for State Bank of India and ICICI bank, encouraging people of India towards Financial inclusion by opening ‘No Frills Accounts’ for the visually impaired and the BOP masses. This is a seamless paperless process with account authentication through a biometric device. Any person with visual handicap can access his ‘No frills’ bank account and avail any banking service like deposit of cash, cash withdrawal, transfer of funds to any bank account, money remittance to third party etc. This initiative has been launched in association with ‘National Association of the Blind’ NAB. Starting from Delhi it proposes to extend this to other branches of NAB, across the country.

Oxigen also offered a cutting edge solution to provide banking services via Oxigen Mobile wallet, using android phones, loaded with screen reading software specially designed for the BLIND, called JAWS. The Oxigen app can be used by the visually challenged very easily, as the JAWS software speaks out whatever appears on the phone screen and the person can navigate all banking related services he or she requires. This application provides opening and operating minimum KYC account with limit of Rs. 10, 000 or full KYC account with limit of Rs. 50,000/- per month. From the Oxigen wallet, funds can be transferred to any bank account using IMPS interface of National Payments Corporation of India-NPCI, besides using it for a host of services like recharges, travel, utility bill payment etc.

Empowering the visually disabled: Oxigen has been in the forefront to provide means of earning to people with visual impairment. It has completed training of 5 student of NAB, provisioning them with a bouquet of services like recharge of mobile phone/DTH, travel, Money transfer etc. using a simple PC. It aims at training many more students of NAB and further assisting them in finding suitable locations by advocating with authorities like Railways, Airport Authority, Bus stands etc. This will provide a means of financial independence and a source to earn a livelihood to the visually impaired. Oxigen has already trained several people in Mumbai and at present several visually challenged people are successfully operating Oxigen’s business and earning well for themselves.

The Exhibition drew considerable amount of interest from the delegates on the services provided by Oxigen. On the spot live demos were showcased to provide a safe and secure means of providing banking environment to people with visual impairment. Oxigen stands committed to furthering this mission to providing Financial Inclusion to those excluded from the banking mainstream due to any challenge, so that they can enjoy facilities and services that is their right.

For any queries related to empowerment of the visually disabled, please contact Mr. Rajpal Duggal on 9811022090, Rajpal.duggal@myoxigen.com.

Company Information

About Oxigen Services (India) Private Limited:

Oxigen Services India Pvt. Ltd. an ISO 9001:2008 certified company, is India's Largest Payments Solutions Provider.

Oxigen is in the business of service aggregation, distribution and payment processing/collections. This business is built to service the nation's Telecom/DTH Operators, multiple Services Providers and Banks, pan India. Oxigen has a retail footprint of 130,000 outlets and processes over 30 million transactions per month.

A large spectrum of services are integrated into a single transaction platform, including Prepaid, Post paid & Subscription based services like Mobile Recharge, 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 Ticket, Utility Bill Payment, Gaming, Music & Movie downloads, Insurance companies.

Oxigen services a large bouquet of banking services and is building a specific focus on Money Transfers using its PC and Mobile application called “Oxigen Wallet”. Oxigen’s Wallet, is India’s First Non Banked Mobile Wallet, approved by RBI that is enabled to make Instant Money Transfers, to nearly 60 banks using NPCI’s Immediate Payment Service (IMPS).

The company works closely with banks for enablement of various microfinance initiatives, of the Government of India, to promote services like SBI Kiosk Banking, UID related Aadhaar cards, Yes Bank and ICICI for Money transfer services, Electronic Benefit transfers, and more.

State Bank MobiCash, India’s first Full Service e-Wallet issued by SBI, is powered by Oxigen’s technology.

Oxigen also provides online and on Mobile merchant payments, using a signature white‐label solution, to many telecom operators, bank‐led m/e‐Wallets and online Banking portals like Airtel Money, ICICI Quick Shopping, SBIonline, HDFC, ING Vysya, Corporation Bank and many more.

About NAB:

NAB believes preventing blindness is as important as providing rehabilitative services to the blind; in fact blindness prevention is one of NAB's mission statements. So, around five decades ago, in June 1959 – to be precise - NAB constituted under its auspices, the National Society for the Prevention of Blindness (NSPB). NSPB through support of the Government and international funding agencies significantly contributed to ophthalmic research and community eye health, at national level.

Over the years, the Prevention of Blindness Committee established by NAB sometime in1976-77, under the able leadership of its Honorary Secretary, Dr. Rajendra T. Vyas (who was also then, the regional representative of RCSB), collaborated with several international agencies like Royal Commonwealth Society for the Blind (RCSB), Christoffel Blindenmission and Operation Eye-Sight Universal to initiate sight restoration and prevention of nutritional blindness programmes - mainly in rural India. Other achievements of this committee include: establishment of the Abdulla Fazelbhoy Centre for Eye Care, the All India Eye Bank Association, launched by the Government of India.

Blindness can be preventable. However, lack of awareness about eye ailments delays treatment thereby leading to sight loss. Bearing this in mind, the committee trained some 1300 teachers in detecting eye defects in children and took remedial action.

In 1996 NAB decided to establish a special department to manage this activity. Hence came into being NAB.
Contact:
Ms. Meher Sarid, President - Corporate and Customer Management, Oxigen Services India Pvt. Ltd., +91 (124) 3950106 / 6773300

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