"The overall direction of the budget is right especially with the push being towards digital literacy in rural areas. Making Aadhar mandatory to help in money transfer is also a positive step for financial inclusion," said Pramod Saxena, chairman, Oxigen Payments Services.
While digital literacy is extremely essential, the push towards ATMs and micro ATMs in rural areas through the post offices seem to be a push on the right direction bringing cheer among the domestic remittances compa .. "
They have a strange number of similar clients to us.
TSI Clients (Both website and presentation) Presentation:
Website:
Presentation:
Oxigen Clients
Vodafone (Website), Airtel (Website) and Reliance (Presentation)
Airtel (Possible just a subsidiary - Website), Reliance (Possible just a subsidiary - Presentation), Tata (Possible just a subsidiary - Presentation)
BSES (Website and Presentation), Reliance (Presentation), Tata (Website and Presentation)
SBI (Website and Presentation are for SBI Card), HDFC (Website and Presentation) Airtel/Vodafone again.
Seems like they would make a reasonable JV partner as they seem to be one of the biggest competitions for some services we are providing.
Any thoughts Tony\Marty?
I hadn't looked into their competition much before tonight as they are doing a pretty good job at carving out their own slice of the market pie.
Not sharing this as a concern, more just floating the weird connections through various clients.
Having a few clients to vouch for us would make a JV a lot easier for a company such as TSI.
Obviously haven't looked into Oxigen enough to say it would be a good move, just floating the thought.
Are there many other players in the market similar to Oxigen that you guys are aware of?
Cheers
Tim
TSN Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
