Bengaluru-based mobile payment app, Easy Pay on Tuesday announced the elevation of Vaibhav S Joshi as Co-Founder and CEO. According to the company, Joshi will build the MSME Neobank by leading the business expansion plans and key strategic initiatives for the growth of Easy Pay in addition to contributing towards developing the financial ecosystem of the country.
Joshi, a distinguished professional in the BFSI ecosystem, has over two decades of industry experience. He was instrumental in the launch of multiple key programs including Aadhar, Smart City initiatives and one of India's largest financial inclusion programs ‘which have led Indian banking into a new digital era, according to a statement.
During his tenure with Equitas Small Finance Bank as Chief Digital Officer, Joshi played a crucial role in creating various leading fintech programs. The latest one being the fastest-growing consumer Neobank NiyoX and asset led Neobank FreoSave, the statement added.
In his previous stint with YES Bank, Joshi has built one of India's first large CSP/BC agent networks under YES money in addition to working on some of the top fintech programs in the country.
“Vaibhav comes with an astute business mindset and has a knack for creating success stories in every endeavour. His passion and experience in building and growing companies will be instrumental in creating a culture of growth and success at Easy Pay. Vaibhav's business acumen and deep market understanding will help us in creating the right strategic approach as we accelerate into the next phase of our growth trajectory,” Nilay Patel, Founder, Easy Pay, said.
According to Patel, Joshi's appointment will help in pushing new tech innovations for further growth. “We have known each other for nearly two decades now, so there is a natural synergy and understanding which is very important as we team up to push the boundaries of innovation and business strategy. I am keenly looking forward to his journey, achieving the milestones which we have laid,” Patel added.
Speaking on his appointment Vaibhav S Joshi, Co-Founder, and CEO, of Easy Pay, said, “In my new role, I aim to leverage Easy Pay by unlocking the potential of Connected Banking which will revolutionize the accessibility to banking for over 63+ million MSMEs in the country. My vision would be to not only drive stellar business growth but also make Easy Pay the largest and the fastest-growing MSME Neobank in the country.”
“The fintech sector is at a very exciting juncture driving the digital transformation of the financial sector in the country and with Easy Pay, we march on this growth journey aligned to the vision of Digital India and the economic progress of the retail sector which in turn is financially empowering the nation,” Joshi added.