LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Technology News

Paytm adds Artificial Intelligence to its payment gateway for a higher payment success rate

Digital Payments leader, Paytm, which also runs a payment gateway vertical, has today announced the launch of AI-based router that will help merchants to achieve a higher payment success rate. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Paytm adds Artificial Intelligence to its payment gateway for a higher payment success rate
Paytm Payment Gateway now offers smart processing of bank OTP’s and also optimizes bank pages. The engine’s algorithm automatically calculates the success rate for every card bin and for every bank. Photo: PTI
Written By: ZeeBiz WebTeam
Updated: Fri, Jun 14, 2019
02:33 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
One QR Code for all apps: Now, scan code from Google Pay, Paytm, PhonePe, Bhim UPI and more at all IOC petrol pumps for hassle free transaction One QR Code for all apps: Now, scan code from Google Pay, Paytm, PhonePe, Bhim UPI and more at all IOC petrol pumps for hassle free transaction
Paytm Money opens stock market trading (F&O) for all at Rs 10, receives over 1 lakh early access requests Paytm Money opens stock market trading (F&O) for all at Rs 10, receives over 1 lakh early access requests
Paytm rent payments alert! Pay house rent from Credit Card and get up to Rs 1000 cashback Paytm rent payments alert! Pay house rent from Credit Card and get up to Rs 1000 cashback
Bank Interest Rate: Important message for these bank account holders released today Bank Interest Rate: Important message for these bank account holders released today
Zero fee, no hidden charge on UPI payments to merchants! Encouraging MSMEs, small businesses to adopt digital payments Zero fee, no hidden charge on UPI payments to merchants! Encouraging MSMEs, small businesses to adopt digital payments

Digital Payments leader, Paytm, which also runs a payment gateway vertical, has today announced the launch of AI-based router that will help merchants to achieve a higher payment success rate. This revolutionary engine sits on top of multiple payment aggregators and analyzes data in real time to route transactions dynamically to the best performing aggregator for improved success rates. With this new launch, the Paytm Payment Gateway offers smart processing of bank OTP’s and also optimizes bank pages. The engine’s algorithm automatically calculates the success rate for every card bin and for every bank, thereby routing payment traffic to the best performing aggregator offering different payment modes in absolute real time.

Speaking on the development Puneet Jain, Vice President – Paytm Payment Gateway said, “Our partnered merchants spend massively on customer acquisition and retention. The last thing they want is losing a customer due to payment failure. We are excited to introduce an AI-based routing engine that addresses this problem by optimizing the payment workflows and routing the transaction to best-performing payment aggregator in real time. Further, this will help online merchants reduce development effort to enable various PG providers and achieve faster time to market.”

This AI-based routing engine uses Big Data analytics to provide merchants a comprehensive analysis of their sales, transactions and success rates in an easy-to-refer dashboard. With this AI-based router and Big Data analytics, along with with other value added offerings the company is expecting 2X growth in the transactions that are processed on its platform by the end of FY ‘20. Paytm Payment Gateway dominates online payments with 50% share. It processes over 400 million transactions every month, which is 5x bigger than any market player. It is the preferred payment gateway for several leading online platforms such as IRCTC, Zomato, Oyo, Swiggy, UrbanClap, PVR, Club Factory, Dominos, JIO, and Idea among others.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
PaytmPayment Gateway CompaniesArtificial Intelligence
RELATED NEWS
One QR Code for all apps: Now, scan code from Google Pay, Paytm, PhonePe, Bhim UPI and more at all IOC petrol pumps for hassle free transaction One QR Code for all apps: Now, scan code from Google Pay, Paytm, PhonePe, Bhim UPI and more at all IOC petrol pumps for hassle free transaction
Paytm Money opens stock market trading (F&O) for all at Rs 10, receives over 1 lakh early access requests Paytm Money opens stock market trading (F&O) for all at Rs 10, receives over 1 lakh early access requests
Paytm rent payments alert! Pay house rent from Credit Card and get up to Rs 1000 cashback Paytm rent payments alert! Pay house rent from Credit Card and get up to Rs 1000 cashback
Bank Interest Rate: Important message for these bank account holders released today Bank Interest Rate: Important message for these bank account holders released today
Zero fee, no hidden charge on UPI payments to merchants! Encouraging MSMEs, small businesses to adopt digital payments Zero fee, no hidden charge on UPI payments to merchants! Encouraging MSMEs, small businesses to adopt digital payments

LATEST NEWS

Bitcoin : Microstrategy and Tesla are moving parts of their corporate treasuries into Bitcoin says CIti Research

RailTel share price on a tear today, soars some 60% after listing; MTAR Technologies IPO to watch out for

Lincoln Pharmaceuticals revenue is likely to grow by 10% in FY21: Mahendra Patel, MD

Samsung Galaxy A12 Review: Smartphone ticks the right boxes in budget segment

LIVE: Gujarat Municipal Election Results 2021: BJP wins 803 seats - Check latest news updates, seat details here

Twitter user? Alert! Your account will be blocked if you do this | Big changes

Gold Price Today 2-03-2021 – MCX Gold cheaper by Rs 400 on Tuesday morning, Silver expensive by Rs 69; BUY or SELL?

NTA UGC NET 2021: Registration for JRF open - here is why candidates should rush and apply online at ugcnet.nta.nic.in

LIVE: Gujarat Taluka Panchayat Elections Results 2021: BJP wins 1036 seats - Check latest news updates, seats details here

Realme unveils 108MP sensor for upcoming Realme 8, Realme 8 Pro smartphones | All details here

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved