Oxigen partners with Federal Bank for cash management services

Posted on:19 Nov 2016 09:50:53
Oxigen partners with Federal Bank for cash management services
19 November 2016 Current Affairs: Federal Bank and digital payment server Oxigen have joined hands to allow over 3 lakh retail outlets of the latter to remit cash collected from customers to the bank through its e-collection platform. 

As per the arrangement, three lakh plus retail outlets of Oxigen can now remit their cash collection at the Federal Bank branches pan India. This helps the outlets to get replenished their running limits on the spot enabling them to continue to serve the customers hassle free.

Federal Bank will leverage its e-collection platform to validate the details of the outlets on a real time basis, before accepting the payment. 

Oxigen deals in services like money transfer, domestic money remittance, digital payments as well as facilities like making payments for utility services. 

Our powerful e-collection platform is supporting synergistic partnerships like the one with Oxigen which is the largest e-collection arrangement that the bank has done till date. We are giving added thrust at Delhi and NCR for more such corporate partnerships and alliances.

Federal Bank is giving added thrust at Delhi and NCR for more such corporate partnerships and alliances.

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