Business Standard - Our Regional Bureau - 16 September 2003

S. Durga Prasad

Muscat-based Bahwan CyberTek software solutions and services player today announced its foray into the Indian market. The company will introduce three of the Cuecent range of products for the Banking Finance Services and Insurance (BFSI).

Durga Prasad, director and CEO, Bahwan CyberTek, said,” in a growing market like India, we foresee a phenomenal opportunity for our products and services.”

He added that, “the products introduced by the company will have the potential to significantly impact the financial services in the country”. Cuecent Cash Switch acts as a Centralized Inward Remittance Platform (CIRP) which will allow Indian banks to route inward cash remittances from money exchange houses quickly to their beneficiaries in India, stated a press release.