Zipcash

Dear Customers,

No documentation is required for customers for wallet limit upto Rs.10,000/-. Customer has to update their basic
information online and can start transacting.

Customers who intend to increase the wallet limit to Rs. 50,000/- are requested to email / fax the following documents

1. Completed & duly signed KYC form. Click here to download the KYC form.
2. Self attested copy of PAN Card
3. Self attested copy of ANY ONE of the below mentioned documents


VOTERS CARD
DRIVERS LICENSE
PASSPORT


Oxigen Money Transfer
Oxigen has tied up with National Payments Corporation of India(NPCI) to enable Money Transfer Service
through Oxigen mobile wallet, Oxigen Wallet, which is India's First Non Banked wallet (approved by RBI), to
make Instant money transfers to any bank. Send/receive funds through the Oxigen Wallet to/from any bank,
anytime, anywhere, 24*7!

This is a boon to the unbanked masses of India, making money transfer instant and on real time using IMPS
and is connected to 60+ Banks. This Service is available online, through Mobile app as well as through a
simple SMS.

Through NEFT 170+ banks are connected for money transfer.

The features are Wallet to bank (any) money transfer (using MMID), Wallet to bank (any) (using IFSC & bank
account number), Wallet to Wallet money transfer, any bank to Wallet.

Indias population, who have been unable to avail the benefits of money transfers due to the complicated
and lengthy process of opening a Bank account, involving Know Your Customer (KYC) documentation, they
would all now be able to transfer and receive funds from Oxigen Mobile Wallet to bank (any) or any bank to
Oxigen Mobile Wallet as well as Wallet to Wallet Money transfer.

Now, any one, be it a migrant worker or a college student away from home can send and receive money in a
jiffy. So far, no wallet in the world was enabled with these 360 degree solutions.

With this Oxigen crosses the Indian Boundary to reach out to Non Resident Indians and Migrant Indian
Workers worldwide.

An Oxigen Wallet holder can use IFSC and bank A/C number to transfer money to more than 60 Banks, and to
almost 60 banks using registered number and MMID (http://www.npci.org.in/bankmember.aspx)
The universal MMID(7 digit) for Oxigen Wallet is 88 88 88 8.


http://www.myoxigen.com/financial-services/omts.php
https://www.oxigenwallet.com/node/100

Oxigen 50,000 wallet is a full KYC wallet wherein you need to submit your KYC documents so as to get
your wallet limit increased from Rs. 10,000 to Rs. 50,000. Oxigen 50000 Wallet will have limit of
Rs.10000, till your submitted KYC documents are accepted. There is a mandatory requirement as per
regulatory guidelines for any user of the Oxigen 50000 Wallet, to submit their personal Identification
documents or "Know your Customer" (KYC) documents to be able to use this type of Wallet.
What is an Oxigen Wallet with Aadhaar KYC ?
1. Only Aadhaar number is required for transactions*
2. Aadhaar holders will be able to SEND, RECEIVE AND WITHDRAW money instantly on their Aadhaar number
or Aadhaar linked Oxigen Wallet easily.
3. Oxigen Wallet is India's first Wallet to integrate with Aadhaar. No need to carry Aadhaar letter.

BENEFITS
Register-Swipe your finger on the biometric reader and get an Aadhaar linked Oxigen Wallet instantly
Cash In-Deposit cash at any Oxigen Retailer to load your Aadhaar linked Oxigen Wallet
Cash Out-Withdraw cash that is transferred from an Aadhaar Linked Oxigen Wallet at select Oxigen Retailers
Biometric Security-Send money instantly to family and friends, to their Aadhaar linked Oxigen Wallet
24x7Withdraw Cash at your nearest Oxigen Retailer.
Easily withdraw cash from your Aadhaar linked Oxigen Wallet.
No Paperwork required for transferring.
Aadhaar linked Oxigen Wallet offers you limit of '50,000' without any other paperwork for KYC verification.
Secure transactions through finger biometrics.
All transactions of Aadhaar linked Oxigen Wallet are secured using your Aadhaar number and biometric
finger scan.
Aaadhaar card
Q. What are the balance and transaction limits for Aadhaar linked to Oxigen Wallet ?
Ans. The balance and money transfer limits will be THE SAME as Oxigen Wallet 50,000. However, the Cash
Out limits will be as per Aadhaar enabled recipient:
Please note that in case the receiver with Aadhaar number does not withdraw cash within 15 days of the
receipt, the money will be reversed to sending wallet

http://www.myoxigen.com/financial-services/aadhaar.php
http://businesswireindia.com/news/news-details/oxigen-makes-strategic-suggestions-drive-financial-
inclusion-under-rbi/39871

Oxigen works on Financial Inclusion and is a Business Correspondent to Indias premier banks, SBI Yes Bank and
ICICI banks, enabling services such as account opening deposits /withdrawals and money transfers, and reaching
these services to villages through multiple marketing engagement drives with a CSR (health) focus.

The company works closely with banks and regulatory bodies for enablement of various microfinance initiatives, of
the Government of India, to promote services like BC or Kiosk Banking, UID related Aadhaar, NPCI/IMPS based
Money transfer services, Electronic Benefit transfers, and more. Oxigens Mobile Wallet Oxigen Wallet is Indias
First Non Banked Mobile Wallet, approved by RBI, that is enabled to make Instant Money Transfers, to nearly 60+
banks using NPCIs Immediate Payment Service (IMPS). 170+ Banks are also enabled for NEFT payments.

Oxigen also provides Online and on Mobile Merchant Payments services, using Oxigens signature whitelabel
solution, to many telecom operators, bankled m/eWallets and online Banking portals like Airtel Money, Vodafone
mpesa, ICICI Quick Shopping, SBIonline, HDFC, Ing Vyasa, Corporation Bank and many more.
http://www.ccavenue.com/pr/OxiGen-and-Avenues-Team-Up-to-Add-New-Features-to-the-OxiCash-
Card.jsp
About OxiCash : OxiCash is an unique cash based online payment solution which is aimed at Customers who use
cash to make payments. They may not be credit / debit card or Internet Banking users. But, need a cash based
payment solution to be able to make online transactions.

The OxiCash e-wallet can be created by sending a simple SMS (OXICASH to 9870888888) or online
on www.oxicash.in and selecting the New user Tab. This e-Wallet is attached to a mobile phone number and is made
further secure by using a 12-Digit e-Wallet ID number along with 6-digit numeric transaction password. It can be used
to pay for other services like DTH recharge, Mobile recharge, Utility Bill Payments, Rail tickets from IRCTC/Air/Bus
ticket booking, Movie tickets, Online shopping, Post paid Bill payments, among others.

OxiCash is also available in physical Cash Cards form in the markets, branded as OxiCash Cards. There are 2 types
of unique Cards,Single Use (Rs.50-Rs100) and Multiuse Reloadable Cards (Rs.200-Rs.5000). These cards can be
used to make payments for Oxigen and OxiCash aggregated services online. It works by using the card number and
password printed on the card when one has to pay online or via SMS. www.oxicash.in
About CCAvenue
CCAvenue.com is South Asia's largest payment gateway solution powering thousands of eMerchants with real time,
multi-currency, multiple payment options and online payment processing services. The solution is powered by
proprietary technology that integrates transaction-processing, advance shopping cart, auction payment collection
facility, fraud control, financial reporting and order tracking. CCAvenue.com is the only complete PG solution in the
region that has the unique ability to offer the full spectrum of Internet payment options, including:

All types of Credit Card processing through Multiple Banks and Card Associations

Debit Card processing

ATM cum Debit Card processing

Direct Debit to bank accounts of 40+ Indian Banks (India's largest direct debit engine), 20+ Chinese Banks and
3 Singapore Banks

Mobile Payment Solutions via PayMate, SBI Freedom, UMobile

Cash Card Processing of ITZ Cash, Done Card, OxiCash and NoQ24x7


Aadhaar lives on: RBI tests UID-based mobile
fund transfers
Banking regulator to decide on initialising the payment system after reviewing the
functioning of pilot projects commissioned in April
Surabhi Agarwal | New Delhi
June 29, 2014 Last Updated at 00:37 IST
6
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RELATED NEWS
Financial inclusion in mind, RBI turns to UID
A jolt for Aadhaar
RBI validates e-KYC through Aadhaar
Vodafone to use financial inclusion to tap rural market
Aadhaar to drive technology adoption at grassroots: Zinnov
Despite the uncertainty surrounding the future of the Unique Identity (UID) project, or Aadhaar, the
Reserve Bank of India (RBI) is testing a mobile-based payments system linked to this platform.
Remittances through this platform skip the traditional banking channel and are aimed at including
the unbanked in the financial system.

Pilot projects related to this system, under way across various parts of the country, are studying
whether telecom operators such as Airtel and Vodafone can successfully transfer money between
their so-called pre-paid wallets linked to Aadhaar. Seven operators including Airtel,
Vodafone, ItzCash and Oxigen are running these pilot projects.
ALSO READ: The Aadhaar tragedy

This is how the system works: A person with an Aadhaar number and a mobile phone can open a
mobile wallet by visiting a store of a wallet operator, and load cash into his/her account. Following
this, she/he gives directions for the transfer, through SMS, to a recipient with an existing Aadhaar-
linked mobile wallet. The recipient goes to a store (the operators own or a licensed kirana or
telecom store), authenticates herself/ himself through the UID number and biometrics, and receives
the cash.

The pilot projects in this regard, commissioned in April this year, will run for a couple of months,
after which the RBI will decide on the matter.

Aadhaar, a flagship scheme of the United Progressive Alliance government and the pillar on which
the project is based, is currently under a cloud. Several reports have said the National Democratic
Alliance government wants to merge the project with the National Population Register to ensure
only bona fide citizens enrol under it.

ALSO READ: RBI allows banks to appoint NBFCs as biz correspondents
However, there has been no word from the RBI, which has already mandated Aadhaar as a valid
proof of address and identity for banking, to suggest its discontinuation. The central bank did not
respond to email queries regarding the pilot project.

Sunil Kulkarni, deputy managing director of Oxigen, said an estimated 75 million migrant workers in
India found it difficult to send money to their friends and families living in remote villages as bank
branches were far and in most cases, banking correspondents, too, werent present in these areas.
But the retail agent network is huge there are over 50 million grocery stores in the country, he
said.

The plan is to enable small shop owners with a biometric device attached to a mobile phone. For the
receiver, the device can aid in authentication and act as an automated teller machine. Kulkarni
claims the platform of his company alone has 130,000 operators, against a total 150,000 bank
branches, adding the combined networks of all operators such as Airtel and Vodafone could cover
the entire country.

For those who didnt have bank accounts, the only ways to transfer money were through post, the
informal channel or hawala operators, said an official involved with the pilot. Also, the RBI is
concerned it is becoming difficult to track payments through mobile wallets, as their KYC (know-your
customer) data are not considered adequate.

With Aadhaar, the RBI will know who is transacting the money, the official said. Linkage through
Aadhaar will enable a system of cash withdrawal by the receiver, a facility currently not allowed for
pre-paid wallet operators. UID will provide the required KYC and ensure an audit trail.

Airtel, which runs the Airtel Money wallet, did not respond to queries, while Vodafone declined to
comment on the pilot.

In an emailed response, a Vodafone spokesperson said given the large number of mobile users in
India, mobile banking had the potential to emerge as a game-changer in terms of costs,
convenience and reach. The company claims its M-Pesa is the largest business correspondent
network in India, with about 65,000 agents and 1.4 million registered customers. Currently, a
customer can only use the wallet services to pay utility bills.

Kulkarni, however, said he wasnt concerned about the uncertainty surrounding Aadhaar. The
database built by Aadhaar is apolitical and too valuable to give away, he said, adding Aadhaar was
likely to continue, though the government might choose a different name for it. This, he said, was
because Aadhaar had already been mandated as KYC by many financial sector regulators such as
the Securities and Exchange Board of India.

HOW IT WORKS
Small shop owners will be enabled with a biometric device attached to a mobile phone
A person with an Aadhaar number and a mobile phone opens a mobile wallet through a wallet
operators store
She/he loads cash into account
The person gives directions for the transfer, through SMS, to a recipient with an existing Aadhaar-
linked mobile wallet
The recipient goes to a licensed store, authenticates herself/himself through the UID number and
biometrics, and receives the cash

http://www.business-standard.com/article/economy-policy/aadhaar-lives-on-rbi-tests-uid-based-
mobile-fund-transfers-114062701066_1.html


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Soon you can withdraw cash
from convenience stores,
courtesy Oxigen
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Oxigen has now
enabled users to share money over Facebook, Twitter and WhatsApp. Soon, it will introduce virtual Visa
cards.
Written by Debashis Sarkar | New Delhi | Posted: August 13, 2014 9:28 pm | Updated: August 14, 2014 1:59 pm
Oxigen is aiming to increase the traction of mobile wallets (mWallets) in India through several
new services. The payment solution provider has now enabled users to share money over social
networking and messaging platforms like Facebook, Google+, Twitter and WhatsApp by using
the iOS or Android application without needing the receivers bank account details.
Users can also send money to a non-wallet user by selecting the receiver from their social
network or email and can also send photos, videos and messages along with transfer.
As of now, mWallets users can recharge their mobile phones, play utility bills, shop online and
transfer money to bank accounts. In the near future, Oxigen is looking forward to enable users to
withdraw cash from biometric ATM-like machines from convenience stores across the country.
Also, it will enable users to create virtual Visa cards for Internet transactions.
With the vision of banking the unbanked, the company will allow people, especially in tier two
cities and rural areas, to withdraw cash from their mWallet through biometric and UID
authentication at cash dispensing machines. Oxigen is already carrying out pilot projects in Bihar
and Orissa and plans to introduce the service soon.
Explaining the process, Pramod Saxena, founder, chairman and MD, Oxigen Services India Pvt.
Ltd. said, We want to make financial transaction as easy and user-friendly as possible and also
play a part in financial inclusion. The cash out service will enable users to send money to any
person. At cash dispensing machines, the receiver has to provide their Aadhaar card number and
undergo biometric verification to withdraw cash.
A sample virtual Visa card.
To enable online Visa transactions, Oxigen will soon add a provision to generate virtual Visa
cards for one-time use, which will have a 16-digit virtual Visa account number, online
transaction password, CVV number and date of expiry. We will tie-up with a bank to generate
virtual Visa cards on-the-fly which can be used on e-commerce sites and mobiles apps. We will
launch this service in October, said Sunil Kullarni, Dy. MD of Oxigen Services India Pvt. Ltd.

http://indianexpress.com/article/technology/technology-others/soon-you-can-withdraw-cash-from-
convenient-stores-courtesy-oxigen/
RBI Reiterates Stand On Not Allowing
Mobile Wallets To Offer Cash-Withdrawals

By Anupam Saxena on Sep 6th, 2012 | 1 Comment
Email


inShare3
The RBI has reiterated that it wont allow telecom operators offering mobile wallets to offer cash-out
facility, unless they sign up customers under a Banking Correspondent tie-up, reports
PTI (via DailyBhaskar). Speaking at the FICCI-IBA banking summit, HR Khan, Deputy Governor of
the Reserve Bank of India, said that mobile operators cant bypass banking, and cant be permitted
to offer cash cash-out, unless they act as banking correspondents (BCs), in which case they can use
BC points for it. He also said that cross-border remittances can not be allowed via mobile banking
because of security concerns and anti-money laundering rules and Know your customer guidelines.
What this essentially means is that telcos and payment companies offering mobile wallets would not
be able to offer customers cash withdrawals unless they tie-up with a Bank and verify customers
KYC documents, and will only be able to load cash in the wallet, utilizing it for merchant payments.
While we do agree that offering cash out will allow telcos to get a backdoor entry in banking, we feel
that the possibility could have been explored at least in regions where theres a large
unbanked/underbanked population.
Mobile Wallets
Presently, Airtel offers a semi-closed mobile wallet service which allows Airtel customers to pay
utility bills, recharge their phones, shop at merchant outlets and make online transactions using their
mobile phones. It also allows users to make instant money transfers between one Airtel money
wallet to another and to bank accounts across the country. Airtel claims that Airtel money is Indias
first mobile based service to offer such instant money transfers.
Airtel also has a Banking Correspondent tie-up with Axis Bankand offers a low-frills account called
Airtel Money Super Account powered by Axis Bank, which supports cash withdrawals in all the
regions (namely Mumbai, Delhi, East UP and Bihar) where its been launched.
Other players in the prepaid wallet segment include My Mobile Payments, which had launched a
semi-closed m-wallet in November 2011, Loop Mobile which partnered with ZipCash to offer a
mobile payments service, and Nokia Money, which had shut down earlier this year, but has been
acquired by mobile financial services firm FINO.
Other important points from Khans presentation:
Less than 1 percent of existing bank customers are covered under mobile banking.
- There were 3.34 million mobile banking transactions in June 2012 worth Rs 3067 million.
- There was a 143% year on year growth in volume and 211% YoY growth in value of transactions.
- MNOs, banks and NPCI need to put in collaborative efforts to make the system grow, growth in
volumes to benefits all the stakeholders
- IDRBT (Institute for Development and Research in Banking Technology) has launched Mobile
Banking Security Lab, to explore and provide solutions for safety, security, reliability and inter-
operability in mobile banking for both on low end and high-end mobile phones. The lab will offer a
common technical centre for all banks and financial institutions, a testing platform for testing security
applications in mobile banking, and for providing education services on security related matters.