Friday, Mar 29 2024 | Time 06:54 Hrs(IST)
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Business Economy


Federal Bank partners with Oxigen for cash management service

New Delhi, Nov 17 (UNI) Private sector lender Federal Bank today said it has partnered with Oxigen for cash management services through the bank's e-collection facility.
As per the arrangement, three lakh plus retail outlets of Oxigen can now remit their cash collection at the Federal Bank branches pan India.
Announcing the partnership, Shalini Warrier, Chief Operating Officer, Federal Bank said, ''The Bank is going aggressively on the digital banking front. Our mobile banking app, FedMobile, is one of the best in the industry, offering all services to the customers that include money transfer, mobile recharge, utility bill payments, hotel and bus bookings and a host of other services.
''We have recently revamped our retail net banking services, FedNet, to give unmatched customer experience. LOTZA, our UPI app, is getting wider acceptance among the users,'' she added.
Pramod Saxena, founder and chairman of Oxigen said, ''This partnership will help our outlets to leverage on the latest technological capabilities, to serve their customers more efficiently.''
UNI ASH AE RJ 1724
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