Mumbai: Homegrown assisted payments fintech company RapiPay on Tuesday announced the appointment of Nipun Jain as chief executive officer.
The leadership rejig at RapiPay is with an objective to gain a foothold in the neo-banking domain and thus expand the company’s business further. RapiPay is working on expanding its footprint in the rural areas and tier-II cities to foray into newer businesses such as digital lending, POS, digital cards, investments, insurance, and other financial services, said the company in a statement.
“RapiPay intends to be one step ahead in the growing fintech space and is set to take the lead by getting into newer businesses to fulfill country’s ever-growing demand for banking, financial and payment services," said RapiPay Fintech Pvt Ltd, promoter, SK Narvar. "Jain’s appointment as CEO is a crucial step on that path and I wish him continued success in his new role and look forward to greater achievements."
“I am also excited to see how RapiPay will continue to grow, evolve and be a one-stop destination providing a digital financial ecosystem to Indian consumers,” Narvar further said.
Jain has a rich experience of three decades as retail banking professional with expertise in setting and scaling up businesses. He is proficient in managing large retail assets, business banking, and branch banking franchise. Prior to joining RapiPay, Jain has previously worked with Yes Bank and ICICI Bank.
RapiPay Fintech Pvt Ltd, MD, Yogendra Kashyap said, “Jain has an impressive track record in various banking services, and I am happy to welcome him as the CEO of the company. His proven leadership, deep expertise in banking, and passion for client-driven innovation will make him the ideal fit to lead RapiPay into its next chapter.”
Speaking on his new role, Jain said, “I am extremely excited to lead the team at RapiPay, joining an organisation that is well-positioned to grow the financial inclusion to the last mile in the country by shaping the future of assisted payments and financial services through neo banking.”
