Find out how to transfer money on WhatsApp and Facebook

New Delhi: Oxigen has launched its mobile wallet (mWallet) service, Oxigen Wallet, which can transfer money, purchase gifts for their friends and family on social networking platforms.

You can also use the Oxigen wallet to recharge your mobile, pay bills and shop across a large number of online merchants. "Oxigen is the f first social mobile wallet service through which people can share money with their friends and family over their preferred social networks and messaging platforms like Facebook, WhatsApp, Google+, and Twitter," said Pramod Saxena ,Oxigen Chairman and Managing Director.

    

By using the Oxigen Wallet service, which is currently available through Apple Store and Google Play Store, users can send money to their friends and family using their favourite social channel, without ever needing the receiver's bank account details, Saxena said.

Along with money, users can also send photos, videos and audio and text messages to personalise the transfer. In the coming weeks, users will also be able to gift or ask for a mobile recharge, he added. Oxigen has processed over 2 billion payment transactions exceeding Rs 20,000 crore, through small retail, modern retail chains and banking websites, he said.

As per official reports, the firm processes nearly half a billion transactions annually and has already acquired 1.5 million mobile wallet accounts, clocking close to 1 million transactions a month.