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One 97 Communications Ltd., the parent company of Paytm, announced a strategic partnership with US-based Groq to enhance real-time artificial intelligence (AI) capabilities across its payments and platform intelligence systems.The integration will allow Paytm to deliver faster, more efficient, and intelligent digital experiences for users and merchants.The partnership will see Paytm and its associate entities deploy GroqCloud, powered by Groq’s Language Processing Unit (LPU), a purpose-built architecture designed for high-speed AI inference. Compared to traditional GPU-based systems, Groq’s technology promises significantly faster performance and lower costs, enabling Paytm to strengthen its AI-driven operations.Strengthening AI Foundation for Smarter PaymentsAccording to Narendra Singh Yadav, Chief Business Officer at Paytm, “We have been steadily advancing our AI capabilities to make payments faster, more reliable, and deeply intelligent. This collaboration with Groq strengthens our technology foundation by enabling real-time AI inference at scale. It marks another step in our journey to build India’s most advanced AI-driven payment and financial services platforms.”Read More - Gold Edges Up On Bargain-Hunting As Market Awaits US Jobs DataGroq’s Global Tech EdgeScott Albin, General Manager for APAC at Groq, said, “Groq is proud to support Paytm in driving real-time AI innovation at national scale. Core to our mission is delivering broad compute capacity to serve the world’s biggest problems which AI will uniquely solve. Paytm’s ambition closely aligns with our own to make AI useful and accessible.”Founded in 2016, Groq is part of the American AI infrastructure ecosystem and serves Fortune 500 companies globally. Its LPU and GroqCloud technologies aim to make AI computation faster and more affordable.Building the Future of Data-Driven FinancePaytm already uses AI in areas such as risk modeling, fraud prevention, customer onboarding, and personalization. With Groq’s support, the company plans to scale these initiatives further, building a robust infrastructure for intelligent and data-driven financial services growth.
