Payment platform Paytm, which runs by the One97 Communications, on a Friday revealed the launch of its AI-based router engine as helps merchants achieve a much higher payments success rate. The engine can also be used by the merchants with some other payment gateways.
With the Big Data, the engine will be able to enable the analysis of sales, success rate reviews, and transactions. It will also help to analyze data in the real-time scenario to route transactions to the best performing aggregator in order to achieve the better success rate.
Paytm also revealed that with the addition of this new services, along with some of the existing services, the payment solutions provider is also expecting two-fold growth in transactions processed on its platform by the end of the fiscal year 2019-2020.