With enormous potential for growth within the Indian financial services sector, AccessPay has confirmed its commitment to the Indian payments and banking industry, with the opening of a new sales office.

This expansion comes at a time when the Indian banking system is going through transformative changes, with the Reserve Bank of India (RBI) opening up opportunities for agile and pared down payment banks to challenge the old oligopoly of India’s big banks. With these new challengers looking to expose the market to the entire Indian population, the potential growth prospects for anyone entering the regions finance industry are vast.

For AccessPay, the Kolkata sales office represents a great opportunity to expand their real-time payments offering, with the newly exposed Indian market offering natural progression. With Indian corporates looking to reduce costs and non-banks looking to improve service quality to end-users, the potential for a more cost effective and immediate payment service will be of great interest.

Shabs Moiyed, Chief Technology Officer at AccessPay, explains: “The Indian sales office will support AccessPay's efforts as it grows and strengthens its position in the evolving Indian financial services sector. We are very excited about the potential opportunities the Indian market will offer us, particularly around our ability to offer real-time payment solutions for non-banks looking to enter the market.”

As a technology evangelist, with strong credentials and experience in delivering scalable software solutions to diverse markets, Shabs Moiyed will lead the expansion of services to new and existing clients from the Kolkata office.