Paytm launches AI cloud for India
Paytm has unveiled its computing platform – Paytm AI Cloud for India – designed for developers, start-ups and enterprises.
This “made-in-India” AI-powered cloud offers a suite of apps to automate workflows, integrate payments, messaging and “customer engagement without the hassle of managing hardware and software”.
With the cloud market a highly popular sector, the firm is looking to carve itself a slice of the market.
Sujit Kumar Mishra, VP Paytm, says: “Every new-age organisation needs to be AI-enabled. They need access to infrastructure to quickly sandbox their ideas, run through multiple experiments, and iterate hypothesis without worrying about managing their infrastructure.”
According to Paytm, its AI Cloud processes and stores all consumer data locally in servers located only in India. It also offers in-built CRM and campaign management.
The company has partnered with Alibaba for this cloud computing infrastructure, and says it will soon offer solutions in partnership with DingTalk. The latter is a communication and collaboration platform developed by Alibaba.
Paytm has been staying active in the world of fintech.
Earlier this month, it acquired Bengaluru-based savings management start-up Balance Technology.
Last month, SoftBank, Yahoo Japan and Paytm ganged up to unveil PayPay – a smartphone payment service using barcodes that’s coming in autumn this year.