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Paytm partners with Groq to deploy AI in payments
Business
Paytm just joined forces with US tech company Groq to deploy GroqCloud, Groq's AI platform designed to make payments smarter and faster.
By using Groq's special Language Processing Units (LPUs), Paytm aims to boost things like transaction speed, fraud checks, and overall customer experience—plus, it should be cheaper and quicker than old-school GPU systems.
LPUs are designed for real-time decision-making
GroqCloud's LPUs are built for lightning-fast decision-making in real time—perfect for fintech.
Paytm plans to use this tech so their AI can instantly spot risks or process payments across its services.
The result? A more reliable, efficient platform that supports Paytm's ambition to build India's most advanced AI-driven payment and financial services platforms.