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.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs PDF

Current Affairs November 2017

18 NOVEMBER
NEWS
17 NOVEMBER
NEWS
16 NOVEMBER
NEWS
15 NOVEMBER
NEWS

Current Affairs October 2017

31 OCTOBER
NEWS
30 OCTOBER
NEWS
29 OCTOBER
NEWS
28 OCTOBER
NEWS

Current Affairs September 2017

30 SEPTEMBER
NEWS
28 SEPTEMBER
NEWS
27 SEPTEMBER
NEWS
26 SEPTEMBER
NEWS