PrancingPretzel
PrancingPretzel

AI in Payment Gateways

How AI is helping startups like Razor pay, Simpl?

From my high level understanding, I don't see use of AI, much in these. Enlighten me.

14mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
BubblyDumpling
BubblyDumpling
Simpl13mo

In Payment gateways like Simpl, Razorpay or gokwik, they don't use AI. They mostly use machine learning and data science to enable merchants some level of control over which customer is fraudulent and which one is genuine. They also provide some level of control over which customer can see Cash on delivery option and which only sees prepaid (since cash on delivery orders are more prone to RTOs).

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To all paytm folks and people having first hand knowledge of this matter: how true is the statement that the 1k layoffs are due to AI? or is it just a bs PR move to justify layoffs (like any other organisation)

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I am here in the event right now and completely blown away with the innovation and work Razorpay is putting in. 100% bullish with what they are building and the way they are doing it.

Saw their new AI called Razorpay Ray, really good an...

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