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.
Enhancing AI capabilities across Paytm’s platform
Through this partnership, Paytm aims to strengthen its AI infrastructure, as per the exchange filing. It has already deployed AI across key areas such as risk modelling, fraud prevention, customer onboarding, and personalisation.
Deploying Groq’s advanced technology, One97’s flagship brand aims to build a robust foundation for the next phase of intelligent and data-driven growth across payments and financial services, the company added. Commenting on the partnership, Narendra Singh Yadav, Chief Business Officer at Paytm, said, “This collaboration with Groq strengthens our technology foundation by enabling real-time inference at scale”.
Scott Albin, General Manager for APAC at Groq added, “Our mission is to deliver broad compute capacity to address some of the world’s biggest challenges that AI can uniquely solve. Paytm’s ambition aligns closely with our vision to make AI useful and accessible.”
Paytm Financial Result Q2FY26
On November 4, Paytm’s parent company One97 Communications announced its financial results for Q2FY26. The fintech company reported a consolidated net profit of Rs 21 crore Vs Rs 928 crore profit in Q2FY25. Ths is because in Q2 last fiscal, the company saw an exceptional gain from selling its entertainment ticketing business to Zomato.
Sequentially, the company’s bottom-line fell by 83% from Rs 123 crore in Q1FY26.
The company’s revenue for Q2FY26 rose by 24.43% YoY to Rs 2,061 crore from Rs 1,659 crore reported in Q2FY25. The rise in the company’s top line comes on the back of continued growth in Paytm’s payments and financial services businesses. Its EBITDA improved to Rs 142 crore, with a 7% margin, on account of revenue growth and operating leverage.
Share Price of One 97’s Paytm
On November 4, the shares of One 97 Communications closed at Rs 1,268.25, down 3.12%. The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) are closed on November 5 on account of Guru Nanak Jayanti.