Oxigen

Digital Wallet / Mobile Paymentsoxigenwallet.com

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

Digital wallet services
Mobile payment platform
Money transfer app
Bill payment platform
Online recharge services

Where Oxigen is headquartered

Location

Headquarters

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 offering

Core 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 profile

Named customers6 records

Segments2 records

Ideal customer profiles1 record

Oxigen technology and API

Technology

Technology focussed Yes

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

Oxigen partnerships and signals

Strategic signal

Partnerships

Eight partnerships are on record, tiered core and minor.

National Payment Corporation of India (NPCI)coreTechnology or IntegrationOxigen 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 ShowminorChannel Partner/ Reseller/ DistributorOxigen 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.
DominosminorChannel Partner/ Reseller/ DistributorOxigen Wallet is accepted as a payment method on Domino's online food ordering platform for pizza and food deliveries.
IRCTCminorChannel Partner/ Reseller/ DistributorOxigen Wallet is accepted as a payment method on IRCTC's railway ticket booking platform, enabling users to pay for train tickets using their wallet.
eBayminorChannel Partner/ Reseller/ DistributorOxigen Wallet is accepted as a payment method on eBay India's e-commerce marketplace, allowing users to pay for products using wallet balance.
ZapakminorChannel Partner/ Reseller/ DistributorOxigen Wallet is accepted as a payment method on Zapak's online gaming platform for purchasing games and in-game items.
Godaddy.comminorChannel Partner/ Reseller/ DistributorOxigen Wallet is accepted as a payment method on GoDaddy's domain registration and web services platform.
Helium 10minorGTM or Marketing PartnerMarketing 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 assessment

Market position

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Oxigen compliance and trust

Trust signal

Compliance1 record

Oxigen financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Oxigen leadership team

Management profile

Number of profiles

Profiles2 records

Oxigen funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Oxigen M&A and investment

M&A and investment

M&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?

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).