RRFinPay supports responsible innovation that bridges the gap and breaks down traditional barriers to financial services in underserved communities. Responsible fintech innovation democratizes finance to create equity and give millions of Americans access to the resources they need to realize their dreams. By leveraging the latest technology, fintech creates economic justice and opportunity by delivering nimble and scalable financial, lending, and payment solutions for families and small businesses. Through advocacy, public policy and coalition building, RRFinPay is committed to working with community leaders and organizations, government partners and regulators to support equal access to financial services while supporting policies and efforts that ensure the highest levels of compliance, accountability, and consumer protection.
RRFinPay supports innovators breaking down traditional barriers to capital to ensure millions of Americans can easily and responsibly access the resources they needto realize their dreams.
RRFinPay aims to contribute to accelerating the digital revolution, especially in rural areas, given the extensive market which rests there. One of the unique features of digital payments has been their ability to access the areas that even banks could not access.
Among the ripple effects of digitalisation lies the financial empowerment of both men and women, boosting the economy and the country’s Gross Domestic Product (GDP). India, which was otherwise hugely cash-driven, is gradually transitioning towards a cashless and paperless economy.
Following the pandemic-led behavioral shift in consumers paired with the digitalization of Mukesh stores, new payment frameworks have gained a stronghold in the country in response to the rising demand for digital payment solutions. With the people going back to normalcy, leading to increased consumer demand, it is evident that this new financial landscape is here to stay.