Paytm launches AI Cloud computing platform for India

According to the company, Paytm AI Cloud processes and stores all consumer data locally in servers located only in India while conforming to the highest security and privacy standards.

One97 Communications Limited, the parent company of Indian e-commerce payment system and digital wallet firm Paytm has announced the launch of its AI Cloud computing platform 'Paytm AI Cloud for India' for developers, startups, and enterprises.

This Made-in-India AI-powered cloud offers 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, the company said in a blog post.

According to the company, Paytm AI Cloud processes and stores all consumer data locally in servers located only in India while conforming to the highest security and privacy standards. It also offers in-built CRM, Campaign Management and easy to integrate payment solutions.

"Every new-age organization 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, said Sujit Kumar Mishra, Vice President, Paytm.

"They need growth engines to acquire customers, engage one-to-one with them, and AI empowered systems to predict their business. Paytm AI Cloud packages all these into one; saving organizations time, money & resources, so they are able to better focus on building products that change the world," he added.

The company has collaborated with Alibaba for this Cloud Computing Infrastructure, and will soon offer enterprise-messaging solutions in partnership with DingTalk.