Paytm has announced a strategic partnership with Groq, a U.S.-based leader in real-time AI inference, aiming to enhance its AI capabilities by 30% by 2025. This collaboration seeks to integrate Groq’s innovative LPU technology into Paytm's platform, allowing for faster and more cost-efficient AI inference compared to traditional GPU-based alternatives. The move is set to significantly bolster Paytm’s data-driven decision-making, specifically in areas such as transaction processing, risk assessment, and fraud detection, thereby improving the user experience across its ecosystem of payments and financial services.

The deployment of GroqCloud will enable Paytm and its associated entities to leverage this advanced technology to achieve scalability and efficiency in AI operations. According to Narendra Singh Yadav, Paytm’s Chief Business Officer, this partnership represents a major stride in their ongoing efforts to create an AI-driven payment platform that prioritizes speed and intelligence. He emphasized that the collaboration lays a strong technological foundation for the company’s future endeavors in enhancing payment reliability and customer engagement.

Scott Albin, GM of APAC for Groq, expressed pride in supporting Paytm’s ambition to drive AI innovation at a national scale. He stated that Groq’s mission to provide broad compute capacity aligns closely with Paytm’s goals of making AI accessible and useful. As Paytm continues to deploy AI across various domains including risk modeling and customer onboarding, this partnership with Groq is anticipated to propel Paytm into its next phase of intelligent and scalable growth in the financial services sector.