Paytm (One 97 Communications Limited), India’s leading full-stack merchant payments and financial services company, has announced a strategic partnership with Groq, the U.S.-based leader in real-time AI inference. The collaboration aims to bring faster, smarter, and more cost-efficient AI capabilities to Paytm’s payments and platform infrastructure.
As part of the partnership, Paytm and its associate entities will integrate GroqCloud, powered by Groq’s proprietary Language Processing Unit (LPU), enabling ultra-fast and scalable AI inference compared to conventional GPU-based systems. This upgrade will strengthen Paytm’s ongoing initiatives across transaction processing, risk modeling, fraud detection, and customer engagement, enhancing the intelligence and performance of its ecosystem.
Narendra Singh Yadav, Chief Business Officer – Paytm, said,
“We’ve been consistently advancing our AI capabilities to make payments faster, more reliable, and deeply intelligent. This collaboration with Groq fortifies our technology backbone by enabling real-time AI inference at scale – a major step in building India’s most advanced AI-driven payment and financial services platforms.”
Scott Albin, GM of APAC, Groq, added,
“Groq is proud to support Paytm in driving real-time AI innovation at a national scale. Our mission is to provide broad compute capacity to tackle complex problems that AI can uniquely solve. Paytm’s vision aligns perfectly with ours – making AI both useful and accessible.”
Paytm has been integrating AI across its operations – from fraud prevention and customer onboarding to personalized financial services. By leveraging Groq’s real-time AI infrastructure, Paytm is laying the groundwork for the next phase of intelligent, scalable, and data-driven growth in India’s digital payments landscape.
