Razorpay announced its Vulcan AI model, and it's already catching 8x more international card fraud detected and stopped than before.
Built with help from NVIDIA and AWS, Vulcan is trained on about 3 trillion data points across 4 billion payments to spot shady transactions and make payments safer.
It's also helping more payments go through smoothly, success rates are up by 8% to 10%.
Merchants report 8-10% payment success gains
Brands like Blinkit, Bachatt, and redBus reported 8-10% improvement in payment success rates and 5x more fraudulent or disputed transactions identified, without increasing the number of alerts thanks to Vulcan.
Razorpay Magic Checkout now shows users their favorite UPI apps 40% more often, leading to an extra 100,000 to 200,000 purchases every month.
By analyzing thousands of signals per transaction, Vulcan is making online shopping simpler, especially for first-timers and folks in smaller towns who usually face payment hassles.