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How oxygenbcfoundation is changing the retail payment ecosystem in India

With the increase in the technology, the digital payments and technology is booming day by day. From a small businessto a big corporate E-payment is used by almost 50% of the Internet users. Now the question arises that if someone who doesn’t have access to credit card or debit card then how they are going to add money to their E wallets or any platform.

Well here comes the solution as Oxigen Micro ATM which is changing the retail payment ecosystem of India. This allows cash loading into oxygen wallets with most convenient and most cost effective way of going from cash to digital money.

There are several ways through which Oxigen wallets are changing the ecosystem of Digital payments:-

1.      Converting Cash into Digital :-

Oxigenwallets are clearly differentiator from other wallets especially in the country where people are unbanked who have to go digital. People can simply covert their cash into digital payment method with the help of Oxgien wallet they just need to walk to any of the 200,000 retailer’s store and load the cash to the counter or any shopkeeper who has partnership with Oxygien wallet and then he/she can go cashless.

 The Oxygien wallets can be filled or loaded with credit cards, debt cards, net banking or IMPs. Currently, people can pay cash over Oxygien wallets Top up, Mobile DTH, Electricity bills, etc. The cash is taken from the person who wants E money then transferred to his bank account. After that he/she deposits bank money to oxgien wallet which further gets transfer and utilized and thus the money is digitalized.

 2.      The easiest way to do P2P money transfer :

The Oxygien wallet is one of the easiest and efficient ways to send money to a friend, merchant or to other bank accounts. The transection can be done on fingertips and whenever someone needs money urgently you can easily pay the money through your Oxygien wallet to the bank account.

One of the most unique and amazing features about Oxgien wallet is that you can transfer the money to someone who does not have access to Oxygien wallet by just mobile number.  The recipient gets a message of amount credited. In order to access the amount you need to just download the app and you can have access to the money in the Oxygien wallet. If by chance the recipient doesn’t download the app then the money is credited to sender’s account which makes it more safe and reliable.

 Conclusion :- The digital network is increasing day by day and year by year. In order to come up with the solution of retail payment ecosystem Oxgien wallets are the best solutions with the vast offline network. So the next time if you go on a party and have to split the bills or have to pay to milkman, newspaper boy or corporate salaries than you should use Oxygine wallet.

Apply online for bank mitra Its main aim is to provide bank mitra to the customers.

For more details: -

Visit Us: - https://oxgnbcfoundation.com/

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The Foundation Program offers a complete solution to starting and growing an online business. Focus only on building your business while our team of experts manages the technology so you don't have to. The foundation Program includes all of the great features available in our SBI CSP platform plus additional tools and services including:

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Get Financial Services and Scheme through Digital India CSP

This blog is all about the various Financial services and schemes which you can enable with the help of Digital India CSP. The Digital India program is a lead program of Indian government which aims to change the India with digital society with skilled economy. Indian government is taking many actions in order to success in extending the digital economy through various methods.

We will have following benefits in order to Digital India CSP:-

1.      It is going to help people get literate about general digital economy.

2.      It will create ease to the users through providing solutions to all transactions in one platform.

3.      It gives users a wide range of facilities including digital loans with minimum collateral.

4.      It will directly affect the GDP of India in a positive manner. People will dive slowly and gradually will make more use of e-payments and other financial services.

Services and schemes which are provided by Digital India:-

1.      PradhanMantriJhanDhanYojana:- Pradhanmantrijhandhanyojana is a scheme which totally focuses on financial Inclusion which truly focuses on financial services like opening bank accounts, savings account, credits, insurance and other services which benefits the people moreover to the rural areas.

2.      PradhanMantriBimaYojana :-Under this PradhanMantriBimaYojana which is mainly based on the medical benefits of the person who is associated with this scheme. If the person accidently losses his or her life then their family is eligible to get a sum amount of 2 lakh. And in case if the person loss their body parts or eyes then they are eligible to get sum total of 1 lakh.

3.      GST Yojana :- This scheme is made mainly to benefit the people who are into the businesses of goods and services all through India in order to substitute the charges which are imposed by central and state government.

4.      Easy loan schemes :- This easy loan scheme mainly focuses on the people who are into the rural areas. Under this scheme the government decided to provide 1 lakh to people for their house. This will be done within 3-5 years.

5.      Gram ParivahanYojana:- This plan is soon going to propel by the government of India. Under this plan the person is going to get interest free loans for their vehicle in order to get business territories vehicles into pradhanmantrisadakyojana.

Conclusion :- The world to changing at a very fast pace and people are shifting to digitalization which includes from payments to online purchase any many more. The government of India is truly focusing on the growth of digital skilled economy through different government schemes. There are advantages that will have tremendous amount of increment in deals. CSP provides a huge amount of benefits so it’s to become SBI CSP. For any information & consultancy, contact us-

Visit Us:- [email protected]

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What are the services included in an SBI CSP?

What is SBI CSP?

The full form of CSP is Customer Service Point. Many times we do a very common mistake to refer to the Customer Service Point to any bank as SBI CSP. So basicallyCustomer Service Point is a banking outlet which is handling by non-banking individuals or we can say SBI CSP is like a mini bank that carries transactions and businesses.

Services that carried out in SBI CSP-

·         Money transfer to another SBI/ BC account holder that in other location

·         Withdrawal and deposit of cash

·         Loan disbursement

·         Current limit is 20,000 per day per bank account holder

If anyone wants to work as an licenced SBI CSP operator then it is important to complete the registration. After successful CSP registration, he or she will get a unique code from the State Bank of India that authorising him/her to set off an SBI kiosk banking outlet.

The main purpose of an SBI Customer Service Point is to deliver immense banking facilities to the citizens which includes Saving Bank Account Opening, Cash Deposit, Cash Withdrawal, Micro Insurance, Atal Pension Yojna, PradhanMantri Jan DhanYojna, PradhanMantriSurakshaBeema, PradhanMantriJeevanJyotiBeema, Senior Citizen Savings Scheme etc.

As we have already mentioned the importance of SBI CSP. We only believes in loyalty and works on trust so we as a CSP provider always performs a screening test and training session before handling the responsibilities. Some other benefits like Railway Reservations, Flight Ticket Booking, Bus Ticket Booking, Gas Cylinder Booking, Mobile Recharge, DTH Bill Payment, Broad Band Bill Payment, Post Paid Bill Payment etc. are also included in SBI CSP.

Benefits for Retailer

·         We can say this is a new revenue system of Mini-Banking

·         With SBI CSP it is easy to Money Transfer

·         An account holder can be your customers who already are the member of the same.

·         With this services it helps to increase customer footfall

·         Loyalty and trust as it is a trusted source for money transfer with a strong brand name SBI

Benefits for Customers-

·         Customers can start with zero balance account.

·         No minimum balance is needed to maintain the account.

·         Maximum account balance can be Rs 50000 but when customer will provide the KYC within 12 or 24 months

·         Customer can also open account with zero balance with KYC Limit up to 12 lacs.

·         The maximum limit of transactions is 10,000/- per day.

·         No Cheque book is needed.

·         Only the account holders can do the cash transactions.

·         No charges are needed to operate account.  

Other Benefits include-

·         You can apply for home loans or loan against property.

·         Easily access Auto Loans/Gold Loans/Small & Medium Enterprise (SME) Loans

·         You can access general purpose credit card or kissan credit card

·         No Frill SBI Saving Bank Account

·         Mutual fund on a Referral basis

·         Loans against Term Deposit Receipt (TDR), NSC, KVP

·         As long as the retail outlet is open (usually 8:00 am to 8:00 PM)Additionally, access to withdrawal of money through ATM card is provided to every customer above 18 years of age.

·         It helps & give opportunity to promote business through SHG (Self-help group)

·         Customer can also make small saving separately with the help of RD facility.

Conclusion:- With this blog we have clear idea about the CSP and services in SBI CSP. Oxgn BC Foundation is a Mini Bank CSP Provider in India. Contact us to get the best and reliable services 9073643016.

For more details: -

Visit us: - https://oxgnbcfoundation.com/

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CSP Kiosk Banking Registration: Customer Service Xpress (CSP) is an industry leading provider of software-as-a-Service (SaaS) solutions that help global financial institutions reduce costs, increase efficiencies and provide the best possible customer experience.

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If you are looking for bank mitra or csp in India. Oxgn bc foundation is here to provide back mitra or csp. We have a professional team those are expert in their field.

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Oxgn bc foundation is one of the best bank mitra, csp provider company in India. Apply online for bank mitra Its main aim is to provide bank mitra to the customers For more details feel free to contact us at [phone]