Now, an ATM that doubles as a POS terminal for rural India

16th September 2012
Now, an ATM that doubles as a POS terminal for rural India
He Zhiming, CEO, Telepower, China and Pramod Saxena, Chairman Oxigenat the launch of OxiShaan ATM-cum POS terminal

Gurgaon, Haryana, September 16, 2012 --India's Largest Payments Solutions Provider, Oxigen has tied up with China-based telecom technology provider Telepower, to bring the first ever mini ATM which doubles as a Point of Sales terminal to this country.
as it will be called is specially designed for rural deployment, with the functionality of a Phone, GPRS connectivity, Printer and Battery back-up to combat power failures. It comes with a plethora of Utility, Merchant Payments and Mini-ATM services, all rolled into one single device.
Oxigen plans to add over 2,50,000 PoS enabled mini-ATM's in the next 3 years. It will enable even the smallest mom and pop shops/Kirana stores, to become a customer touch point for ATM like banking services. Oxigen , a Business Correspondent to State Bank of India, has developed OxShaan to enable the Government's payments disbursement plans like NREGA, Pensions, Subsidies, etc.
Says Pramod Saxena, Chairman Oxigen: “The masses of India will not only have benefits of ATM like banking services such as Cash In , Cash Out, but will also have the advantage of paying for utility services like Mobile recharges, DTH Recharges, Merchant Payments, at one single point”.
Adds He Zhiming, CEO, Telepower, China: "We are proud to associate with Oxigen, India's premium payment solution provider, to produce a POS Business device. We have worked with Oxigen over the past one year, and our joint efforts will bear fruit now. As Telepower's mission is to integrate intelligence to make communication smooth, we know that OxiShaan, will be a great success. We wish Oxigen achieves it goal of providing rural India, all their services, at a single one stop shop, with a smart connectivity device like OxiShaan".
Oxigen is also the technology providers for India's first Full Service eWallet from State Bank of India called MobiCash, with cash-in/out, peer to peer, wallet to any Bank, Merchant payments as well, and has also as partnered to ensure market availability of MobiCash at Oxigen retail.  And