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Oxigen Services is an Indian fintech company that provides micropayments, money transfer and online remittances. [ 1 ] [ 2 ] As of 2016 [update] , the company reported that its transaction volume rate was 600 million transactions per year with a customer base of more than 150 million.
Apart from bill payments and money transfer, the company also provides ticketing services, retail brokerage products and online games. [ 6 ] [ 7 ] [ 8 ] Paytm's parent company One97 Communications was listed on the Indian stock exchanges on 18 November 2021 after an initial public offering, which was the largest in India at the time. [ 9 ]
National Payments Corporation of India (NPCI) is an Indian public sector company that operates retail payments and settlement systems in India. The organization is an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust payment and settlement infrastructure in India.
Money transfer generally refers to one of the following cashless modes of payment or payment systems: Electronic funds transfer, an umbrella term mostly used for bank card-based payments; Giro (banking), also known as direct deposit; Money order, transfer by postal cheque, money gram or others
PhonePe announced the acquisition of $350 million from General Atlantic, a US growth equity firm, at a pre-money valuation of $12 billion. [23] Subsequently, another $100 million was attained in primary capital in February 2023 from Ribbit Capital , Tiger Global , and TVS Capital Funds, followed by $200 million in primary capital from Walmart ...
Karvy Group was established in the year 1983 [1] and was headed by C. Parthasarathy as Chairman. [3] [4] The group at one time had more than 30,000 employees, spanning 900 offices in about 400 cities and towns.