Paytm launches AI Cloud for India

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One97 Communications Limited that owns and runs digital payment solution provider Paytm has launched AI cloud computing platform -- ‘Paytm AI Cloud for India’. The company has partnered with Alibaba for cloud computing infrastructure in the country.

The made-in-India cloud computing platform is aimed at developers, startups and enterprises and aims to enable the future-of-work with cloud computing, AI and mobility-driven-innovation.

In a statement, the company said that the platform will offer a suite of business-centric apps for organizations that need high-quality solutions for cloud computing, ready-to-use services to automate their workflow, easy to integrate payments, messaging and customer engagement without the hassle of managing hardware and software.

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The Paytm AI Cloud platform conforms to high security and privacy standards. It processes and stores consumer’s data locally in servers located only in India, the company added.

Key features of Paytm AI cloud are its state-of-the-art cloud computing platform, a marketing automation platform to foster one-to-one relationship with customers, a full-stack payment infrastructure to accept payments and conduct payouts and lastly to facilitate omni-channel secured conversations.

The platform offers in-built Customer Relation Management (CRM), Campaign Management and easy to integrate payment solutions.

The company also said in the press statement that it will soon offer enterprise-messaging solution in partnership with DingTalk.

Sujit Kumar Mishra, Vice President - Paytm, said “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. They need growth engines to acquire customers, engage one-to-one with them, and AI empowered systems to predict their business.

With these, they need better collaboration and workflow automation tools to become more productive & efficient. Paytm AI Cloud packages all these into one; saving organisations time, money & resources, so they are able to better focus on building products that change the world. At Paytm, we have always ensured the highest standards of customer data privacy and security. Our customers data is processed and stored locally in India with no access to any third party or investors.”

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