Highlights:

• Integration of Groq’s LPU technology will enable faster and more cost-efficient AI inference than conventional GPUs.
• Partnership will enhance Paytm’s ability to deliver intelligent and reliable services across payments and financial solutions.
• AI infrastructure upgrades aim to improve transaction processing, fraud detection, and customer engagement.

Paytm (One 97 Communications Limited) (NSE:PAYTM), India’s leading mobile payments and financial services platform, has announced a strategic partnership with U.S.-based Groq to bring real-time, cost-efficient AI capabilities to its ecosystem. Through this collaboration, Paytm aims to leverage Groq’s purpose-built LPU technology to enhance transaction processing, risk assessment, fraud detection, and customer engagement. The initiative supports the company’s goal of delivering faster and more intelligent experiences across its payments and financial services offerings.

Partnership Brings Real-Time AI Capabilities

Under the collaboration, Paytm will integrate GroqCloud, powered by Groq’s Linear Processing Unit (LPU), to improve AI inference speed and efficiency. This infrastructure is designed to perform AI computations significantly faster than traditional GPU-based systems, while lowering operational costs.

Advancing AI Across Paytm’s Platform

Paytm has been increasingly leveraging AI for areas including risk modelling, fraud prevention, onboarding, and customer personalisation. The collaboration with Groq allows the company to scale these AI capabilities in real time, supporting data-driven insights that improve operational efficiency. By adopting GroqCloud, Paytm can process large volumes of data with minimal latency, enabling faster decisions for merchants and consumers alike.

Paytm Chief Business Officer Narendra Singh Yadav stated that the partnership is a key step in advancing the company’s AI capabilities, allowing the platform to operate with greater intelligence and speed.

Global Expertise, Local Impact

Groq, founded in 2016, is known for its inference infrastructure that delivers AI computations with both speed and cost efficiency. Groq’s LPU and GroqCloud are widely used by developers and Fortune 500 companies worldwide. Through this partnership, Groq aims to extend its AI capabilities to Paytm’s ecosystem, supporting real-time decision-making for India’s growing digital payments market.

Scott Albin, GM of APAC for Groq, highlighted that the collaboration aligns with Groq’s mission to provide broad compute capacity to solve large-scale AI challenges, making advanced AI solutions accessible for enterprise-scale applications like Paytm.