Oxigen Partners Federal Bank for Cash Management Services, Federal Bank has tied up with Oxigen to expand the bank’s e-collection facility to the about 3 lakh- retail outlets of Oxigen.The agreement was exchanged between Chief Operating Officer, Federal Bank, Shalini Warrier, and Pramod Saxena, Founder and Chairman of Oxigen, in the New Delhi on November 17, 2016. This facility, will initially
be valid for one year, and will enable all the 3 lakh retail outlets of Oxigen to remit their cash collection at Federal Bank branches pan-India.
iv. The private sector bank will use their e-collection platform to approve the details of the outlets on a real-time basis before accepting the payment.
v. This tie-up would help the outlets replenish their running limits on-the-spot, enabling them to continue to serve customers hassle-free.
Federal Bank
♦ Founded : 1945
♦ Headquarters: Kochi
♦ CEO: Shyam Srinivasan
No comments:
Post a Comment