Paytm has partnered with Groq to enhance its AI-driven payments and financial services ecosystem.
Through this collaboration, Paytm and its associate entities will deploy GroqCloud, powered by Groq’s purpose-built Language Processing Unit (LPU) technology, to achieve significantly faster, more cost-efficient, and scalable AI inference compared to conventional GPU-based systems.
This integration aims to strengthen Paytm’s data-driven decision-making and product intelligence across areas such as transaction processing, risk assessment, fraud detection, and customer engagement.
Narendra Singh Yadav, Chief Business Officer, Paytm, said, “We have been steadily advancing our AI capabilities to make payments faster, more reliable, and deeply intelligent. This collaboration with Groq strengthens our technology foundation by enabling real-time AI inference at scale. It marks another step in our journey to build India’s most advanced AI-driven payment and financial services platforms.”
Scott Albin, General Manager of APAC, Groq, added, “Groq is proud to support Paytm in driving real-time AI innovation at national scale. Core to our mission is delivering broad compute capacity to serve the world’s biggest problems which AI will uniquely solve. Paytm’s ambition closely aligns with our own to make AI useful and accessible.”
Paytm has been leveraging AI across risk modeling, fraud prevention, customer onboarding, and personalization.
With Groq’s advanced LPU technology, the company is further strengthening its infrastructure to build a scalable, intelligent, and high-performance foundation for data-driven growth.
Paytm continues its mission to empower half a billion Indians by building innovative technologies that support digital payments, commerce, and financial inclusion. Groq, founded in 2016, is recognized as a pioneer in AI inference infrastructure, powering compute solutions for millions of developers and Fortune 500 companies worldwide.
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