Oxigen tie-up with redBus

Enables convenience of booking bus tickets on mobile/cash payment

New Delhi, April 1, 2008: Oxigen Services India Pvt Ltd, an IT-enabled multi-services platform and distributor of Recharges, Prepaid subscriptions and Bill payments today announced its tie-up with redBus. This will enable Oxigen’s present and potential users to book and pay for bus tickets with OxiCash. redBus is India’s largest online bus ticket company with a network of more than 250 bus operators plying on 3600 routes across India

Announcing the tie up, Oxigen Services India Pvt. Ltd. Founder Chairman and Managing Director Mr Pramod Saxena said, “enabling redBus services though OxiCash is an important category inclusion of travel services for large unbanked masses that needs booking of services at retail point of presence through Oxigen outlets or want to avail this service from mobile/web using OxiCash.”

redBus CEO Mr Phanindra Sama added, “We are delighted to tie-up with Oxigen. Now a large base of OxiCash customers will enjoy the benefit of booking bus tickets using their mobile phone and web networks. We are always looking for new ways to add value to our customers and this partnership is a step forward for both Oxigen as well as redBus.”

The tie-up will be particularly beneficial for those customers who don’t own a debit or credit card and prefer paying by cash. The transactions adhere to the highest security levels and allay the fear of customers who hesitate to sharing their card details online.

This affiliation is one of the many initiatives taken by Oxigen to expand the base of IT- enabled services to its customers.

About Oxigen Services India Pvt. Ltd
The primary focus of Oxigen Services has been on Recharge, Subscriptions, Billing and Payments through Electronic Distribution.

Oxigen handles aggregation of Recharge, Bill Payments and Subscriptions, for all leading Telecom Operators, Internet Service Providers, Direct-to-Home TV (Dish TV and Tata Sky), Prepaid Radio (Worldspace), Prepaid Value-added Services (MobiBuzz), Railways and Airline ticketing (Air Deccan’s MFly) on a single platform.

It has a plethora of other services in the pipeline like Utility Bill Payment Services, Insurance, Travel, Cinema, Gaming, Applications and Video content, which is to be launched shortly on its web and mobile solution, OxiCash, the Virtual Wallet.

This Platform further distributes these services to Oxigen’s pan-India retail network of approximately 50,000 touch points, which is expected to expand to 250,000 by 2010.

The Oxigen Vision is
“To be a pan-India virtual distribution network, with Electronic Delivery and Payment of pre-paid and post-paid services of all kinds, in a seamlessly networked environment. Oxigen is a neutral Payment Solution provider and can be accessed universally across all platforms for the convenience and a unique mega mart-like experience to consumers.” 

About redBus
redBus is India’s first and largest online bus tickets company. It has a national presence, with its headquarters at Bangalore. redBus can be accessed at www.redBus.in or at any of their 9 call centers in Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Mumbai, Pune, Vijayawada and Vizag.

Customers get the advantage of choosing their seats online, getting tickets home delivered for over 250 bus operators and over 3600 routes in the country and booking return tickets too.

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For more information, please contact:

Udai Jain/ Rashi Tarika
IPAN
Phone: +91 11 4249 2100
Mobile: 98119 27261/ 98188 32926
E-mail: udai.jain@ipan.com/ rashi.tarika@ipan.com