In collaboration with Chinese tech giant Alibaba, digital payments major Paytm on Tuesday launched its AI Cloud computing 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 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, Paytm parent One97 Communications Ltd said in a statement.
Paytm AI Cloud processes and stores all their consumer data locally in servers located only in India, the company said.
"Paytm AI Cloud packages all these into one; saving organisations time, money & resources, so they are able to better focus on building products that change the world. At Paytm, we have always ensured the highest standards of customer data privacy and security. Our customers data is processed and stored locally in India with no access to any third party or investors," said Sujit Kumar Mishra, Vice President, Paytm.
Paytm said its AI Cloud platform offers in-built CRM (customer relationship management), campaign management and easy to integrate payment solutions.
The platform has also built various tech solutions for the enterprises that includes an affordable, easy-to-access computing services, ready-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 soon offer enterprise-messaging solution in partnership with enterprise communication and collaboration platform DingTalk.
According to a statement from the company, Paytm AI Cloud comprises of state-of-the-art enterprise-grade, highly scalable cloud computing platform with dozens of services for quickly building, deploying and scaling products & solutions. Paytm AI Cloud guarantees complete security, privacy, and availability of data locally within the Indian geofence. The company has partnered with Alibaba for Cloud Computing Infrastructure.
It also comes with marketing automation platform to foster a one-to-one relationship with every customer across multiple channels.
The AI cloud also comprises a full-stack payment infrastructure to accept payments and conduct payouts, whether online or offline. Through its easy-to-integrate API, developers can leverage the full potential of Integrating Paytmâ€™s payments gateway which accepts payments using any payment method such as Credit / Debit Cards, UPI, Net banking and Paytm Wallet.