Oxigen
Oxigen Services (India) Pvt. Ltd. operates Oxigen Wallet, India's first RBI-certified non-bank digital wallet, enabling individual consumers to transfer money, pay bills, recharge mobile/DTH, and shop online across 2,000+ merchant websites via NPCI-licensed IMPS integration with 60+ banks.
- Company typePrivate
- Founded2004
- HeadquartersGurugram, India
- Headcount501–1,000
- GTM typeB2C
- OfferingSoftware
What Oxigen does
Oxigen Services (India) Private Limited, founded in 2004 and headquartered in Gurgaon, India, operates the Oxigen Wallet — a consumer-facing digital mobile wallet positioned as India's first non-bank wallet certified and licensed by the Reserve Bank of India. The wallet enables individual users to conduct money transfers, mobile and DTH recharges, data card recharges, and bill payments (mobile postpaid, landline, utility), and serves as a payment method on more than 2,000 merchant websites spanning entertainment (BookMyShow), food (Dominos), travel (IRCTC), e-commerce (eBay), gaming (Zapak), and web services (GoDaddy). The product is distributed directly to consumers via native mobile applications on Android, iOS, and Windows Phone, plus the company website (oxigenwallet.com), with the marketing motion centered on self-service onboarding and promotional partnerships rather than direct sales.
The underlying technology is built around the Immediate Payment Service (IMPS) rail licensed through the National Payment Corporation of India (NPCI), enabling instant money transfers between the wallet and 60+ Indian banks in both directions. Security architecture is the primary technical differentiator emphasized in the company's materials: OTP-based authentication is required for every online money transfer, the wallet is built with multiple layers of security and anti-hacking controls, and the website uses 128-bit SSL encryption. The platform supports no documented APIs, SDKs, or AI/ML capabilities.
Oxigen monetizes primarily through transaction fees on money transfers, recharges, and bill payments processed through the wallet; no public pricing tiers or fee schedules are disclosed. The customer base is structurally long-tail — individual Indian consumers using the wallet for everyday payments — while merchant relationships function as distribution and acceptance points rather than revenue-paying enterprise customers. The company extends its franchise through sub-brands Oxigen Travel (oxicash.in) for travel ticketing and Oxigen USA (oxigenusa.com) for international reach, and made one disclosed acquisition (United Villages) in 2012. No external funding rounds, investors, or revenue figures are disclosed, and the ownership structure appears founder-controlled. The company is led by founder and chairman Pramod Saxena, with Rajpal Duggal serving as Group CFO and Head of Group Strategy and Corporate Planning.
Oxigen firmographics
Firmographics- Name
- Oxigen
- Legal name
- Oxigen Services (India) Private Limited
- Website
- https://oxigenwallet.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Oxigen Services (India) Pvt. Ltd. operates Oxigen Wallet, India's first RBI-certified non-bank digital wallet, enabling individual consumers to transfer money, pay bills, recharge mobile/DTH, and shop online across 2,000+ merchant websites via NPCI-licensed IMPS integration with 60+ banks.
- Ownership category
- akta.pro rank
Oxigen industry classification
Industry- Product category
- Digital Wallet / Mobile Payments
- akta.pro primary industry
- General-Purpose Digital Wallets (P2P + Merchant) (FSAMAEAA)
Keywords
Where Oxigen is headquartered
LocationHeadquarters
- HQ city
- Gurugram
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Oxigen business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Transaction Fees: Oxigen Wallet generates revenue through transaction fees charged on money transfers, bill payments, recharges, and other payment services conducted through the platform
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Oxigen product offering
Product offeringCore offering
Oxigen operates the Oxigen Wallet, India's first non-bank RBI-certified digital mobile wallet that enables consumers to transfer money, recharge prepaid mobile and DTH connections, pay utility and other bills, and complete purchases across more than 2,000 merchant websites. The wallet runs on native Android and iOS apps and connects to over 60 banks via NPCI's IMPS rails for interoperable account-to-wallet and wallet-to-account transfers.
Product overview
Oxigen Wallet is a single unified digital wallet product. It provides a mobile-based payment and financial services platform enabling users to transfer money, pay bills, recharge mobile/DTH/data cards, and make online payments. The wallet connects to India's IMPS payment infrastructure through NPCI, allowing transfers to over 60 bank accounts. Security features include OTP authentication and 128-bit SSL encryption. Available as mobile apps for Android, iOS, and Windows platforms.
Differentiator
Problem solved
Functional benefit
Products and services
- Oxigen Wallet RBI-certified non-bank prepaid digital mobile wallet for Indian consumers, enabling money transfers, prepaid mobile and DTH recharges, utility bill payments, and online merchant checkout via Android and iOS apps, with IMPS interoperability to 60+ banks.
- Money Transfer Service Peer-to-peer and bank-to-wallet money transfer service built into the Oxigen Wallet, using NPCI's IMPS rails to interoperate with more than 60 banks in India.
- Mobile and DTH Recharge Prepaid mobile recharge and DTH recharge service offered through the Oxigen Wallet app for Indian prepaid mobile subscribers and DTH TV users.
- Bill Payment Service Utility and recurring bill payment service for Indian consumers, accessed via the Oxigen Wallet app.
- Online Shopping Payments Wallet-based checkout payment option accepted at more than 2,000 Indian e-commerce merchant websites for online shopping purchases.
Companies that use Oxigen
Customer profileNamed customers6 records
Segments2 records
Ideal customer profiles1 record
Oxigen technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Oxigen partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- National Payment Corporation of India (NPCI)coreOxigen Wallet is India's first non-bank wallet tied up with NPCI, enabling IMPS-based instant money transfers to over 60 banks. This integration is licensed and approved by RBI, forming the core technical infrastructure of the wallet service.
- Book My ShowminorOxigen Wallet is accepted as a payment method on Book My Show's online ticketing platform, allowing users to pay for movie and event tickets using their wallet balance.
- DominosminorOxigen Wallet is accepted as a payment method on Domino's online food ordering platform for pizza and food deliveries.
- IRCTCminorOxigen Wallet is accepted as a payment method on IRCTC's railway ticket booking platform, enabling users to pay for train tickets using their wallet.
- eBayminorOxigen Wallet is accepted as a payment method on eBay India's e-commerce marketplace, allowing users to pay for products using wallet balance.
- ZapakminorOxigen Wallet is accepted as a payment method on Zapak's online gaming platform for purchasing games and in-game items.
- Godaddy.comminorOxigen Wallet is accepted as a payment method on GoDaddy's domain registration and web services platform.
- Helium 10minorMarketing partnership offering Oxigen Wallet users exclusive discounts on Helium 10 annual plans. The discount promotion runs through the end of the month.
Scale indicators2 records
Recent moves6 records
Expansion highlights4 records
Oxigen competitors and assessment
Company assessmentMarket position
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Oxigen social profiles
Digital presenceOxigen compliance and trust
Trust signalCompliance1 record
Oxigen financial estimates
Financial estimateRevenue estimate
Valuation estimate
Oxigen leadership team
Management profileNumber of profiles
Profiles2 records
Oxigen funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Oxigen M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Oxigen
What does Oxigen do?
Oxigen operates the Oxigen Wallet, India's first non-bank RBI-certified digital mobile wallet that enables consumers to transfer money, recharge prepaid mobile and DTH connections, pay utility and other bills, and complete purchases across more than 2,000 merchant websites. The wallet runs on native Android and iOS apps and connects to over 60 banks via NPCI's IMPS rails for interoperable account-to-wallet and wallet-to-account transfers.
Is Oxigen a public or private company?
Oxigen is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Oxigen founded?
Oxigen was founded in 2004. It employs 501 to 1,000 people.
Where is Oxigen based?
Oxigen is headquartered in Gurugram, India, in the Asia region.
How does Oxigen make money?
One revenue line is on record: transaction Fees.
Does Oxigen have an API?
No public API is recorded for Oxigen.
What industry is Oxigen in?
Oxigen's product category is Digital Wallet / Mobile Payments. Its primary akta.pro industry code is FSAMAEAA, General-Purpose Digital Wallets (P2P + Merchant).