AI meets Fintech: Paytm partners Groq to Power payments and platform intelligence

One 97 Communications, Paytm has partnered with US-based artificial intelligence (AI) company Groq to power real-time artificial intelligence for payments and platform intelligence. According to Paytm, this partnership will enhance its ability to deliver instant, intelligent, and reliable experiences across its payments and financial services ecosystem.

The collaboration will integrate Groq’s purpose-built Language Processing Unit (LPU) technology, enabling faster and more cost-efficient AI inference compared to traditional Graphics Processing Unit (GPU) systems.