One97 Communications, the parent entity of Paytm launched "Paytm AI Cloud for India", an AI Cloud computing platform designed for developers, startups and enterprises. Paytm AI Cloud will process and store all the data of the consumer locally in servers located only in India while conforming to the highest security and privacy standards. For this cloud computing infrastructure, Paytm had partnered with Chinese technology giant Alibaba. The company has committed around Rs.250 crore in this business. The AI Cloud computing platform will offer a suite of business-centric apps for organisations that need solutions for cloud computing, ready-to-use services to automate their workflow, easy to integrate payments, messaging and customer engagement.
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