'Paytm AI Cloud' Launched for Developers, Startups in India In Partnership with Alibaba

In collaboration with Chinese tech giant Alibaba, digital payments major Paytm on Tuesday launched its AI Cloud calculating platform for developers, start-ups and enterprises in India.

This platform offers a suite of business-centric apps for organisations that need high-quality solutions for deject computing, ready-to-employ services to automate their workflow, easy to integrate payments, messaging and customer engagement without the hassle of managing hardware and software, Paytm parent One97 Communications said in a statement.

Paytm AI Deject processes and stores all their consumer data locally in servers located only in Republic of india, the company said.

"At Paytm, we have ever ensured the highest standards of customer data privacy and security. Our customers data is processed and stored locally in Bharat with no admission to any tertiary party or investors", said Sujit Kumar Mishra, Vice President, Paytm.

Alibaba having a large stake in Paytm, which had applied for a non-banking finance company (NBFC) licence, earlier raised concerns about the possible threat to national security.

Its reference was brought to the Rajya Sabha in July by nominated member Narendra Jadhav.

Responding to the concerns, One97 Communications Ltd, that owns the brand Paytm, said that the company never shares whatsoever of its user'due south information with any third party agencies, stakeholders, investors or whatsoever strange entity.

Paytm said its AI Deject platform offers in-built CRM (client relationship management), campaign direction and easy to integrate payment solutions.

The platform has besides built various tech solutions for the enterprises that includes an affordable, easy-to-access computing services, fix-to-use apps, pattern recognition tech, pre-trained models and predictive computation to businesses.

Paytm said it partnered with Alibaba for cloud computing infrastructure and would before long offer enterprise-messaging solution in partnership with enterprise advice and collaboration platform DingTalk.

Source: https://beebom.com/paytm-ai-cloud-india/

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