Paytm (One 97 Communications Limited), India’s leading full-stack digital payments and financial services platform, has announced a strategic partnership with Groq, a U.S.-based pioneer in real-time AI inference technology. This collaboration marks a major step in Paytm’s journey to enhance its AI-driven capabilities across payment processing, fraud detection, and customer engagement.
Under this partnership, Paytm and its associate entities will integrate GroqCloud, powered by Groq’s cutting-edge Language Processing Unit (LPU) technology. The move aims to deliver faster, smarter, and more cost-efficient AI performance compared to traditional GPU-based systems. With Groq’s high-speed inference engine, Paytm expects to boost the efficiency and scalability of its AI models, improving real-time decision-making and user experiences across its ecosystem.
Paytm has already been utilizing AI in key areas like risk modeling, fraud prevention, customer onboarding, and personalization. The addition of Groq’s technology will further strengthen its data infrastructure, allowing Paytm to process massive transaction volumes with enhanced accuracy and security.
The collaboration also positions Paytm at the forefront of AI-led innovation in financial services, enabling it to deliver smarter solutions for merchants, MSMEs, and consumers alike. As digital payments continue to grow in India, this partnership reflects Paytm’s vision of combining advanced AI technology with financial inclusion to drive the next phase of intelligent, scalable, and secure digital growth.
