Oxygen, a digital banking platform focused on serving freelancers, gig economy workers, and SMEs, has introduced a virtual banking solution that has been built to offer flexible financial services to millions of US professionals who have multiple income streams, contract work, or freelance working arrangements.
Oxygen has also joined Visa’s Fast Track program, which will allow the firm to leverage the reach, capabilities, and security of the payment processor’s network. Oxygen will be using Visa Direct, Visa’s real-time push payment solution, in order to ensure timely and reliable payments to freelance workers.
Oxygen’s mobile app, which is available throughout the US for iOS and Android operating systems, aims to offer a fast, seamless, 100% mobile-based user experience. The Oxygen app may be downloaded via the App Store and Google Play.
To meet the needs of the growing US freelance community, Oxygen will provide a consumer and small business account, which will aim to offer better options than traditional banks, without charging monthly fees.