Paytm unveils AI-powered card checkout platform for businesses
What's the story
Paytm Payment Gateway has launched a new artificial intelligence (AI)-powered card checkout solution, "Agentic AI Card Checkout." The innovative tool is designed to improve payment completion rates by reducing friction during online transactions. It works by carrying payment context forward and shortening the journey from purchase intent to authenticated card payments, making the process smoother for users.
Target sectors
Solution targets industries with high transaction abandonment rates
The Agentic AI Card Checkout solution is specifically designed for industries where customers often abandon transactions despite showing strong purchase intent. These include travel bookings, bill payments, subscriptions, quick commerce, food delivery, and e-commerce. The technology allows businesses and developers to create AI-driven checkout experiences across apps, websites and other digital interfaces using Paytm's Model Context Protocol (MCP).
Secure access
Model Context Protocol ensures secure API access
MCP enables secure API access between merchants, developers, AI agents, and the payment gateway. This ensures that businesses can offer seamless checkout experiences without compromising on security. As part of this new solution, customer authentication remains mandatory with transactions requiring either passkey-based biometric approval through fingerprint or facial recognition, or OTP-based authentication where applicable.
Enhanced experience
Payment companies leveraging AI for seamless transactions
A Paytm Payment Gateway spokesperson said the new card payment flow is aimed at helping businesses reduce checkout friction and improve payment completion. The feature supports both debit and credit card payments, ensuring a seamless transaction experience for users. This launch comes as payment companies are increasingly looking to leverage artificial intelligence to streamline digital transactions and reduce cart abandonment rates in online commerce.