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Fintech company Paytm has announced a tyup with AI startup perplexity. Now AI integrated search option will be available for users on Paytm app. Through this feature, users will be able to access real time information and financial insights in their local language.
On Thursday (27 February), the company has given this information in the exchange filing. The company says that this feature will increase the financial literacy of users. Users will be able to easily get information about topics related to banking, investment, expenditure. This will help them to get finance related decisions.
Vijay Shekhar said- AI is changing the way people take decisions
At the same time, CEO Arvind Srinivas of Perplexity said that this technology will help people to give reliable information in real-time.
IIT Graduate made permissions in 2022 Perplexity US -based AI search engine is a startup company. Graduate from IIT Madras, Arvind Srinivas made perplexity in 2022. Arvind Srinivas has also worked as an AI researcher in Open AI. Google Search Competitors Perplexity recently achieved $ 500 million funding. Earlier, the company has done a similar type of tyup with Tripaidvisor.
Paytm lost ₹ 208 crore in FY25Q3 Paytm’s parent company One 97 Communications was a net loss of Rs 208 crore in the third quarter (October-December) of FY 2024-25. Paytm’s deficit in the same quarter of a year ago was Rs 220 crore.
The company’s revenue fell 36% to Rs 1,828 crore in the October-December quarter. It was Rs 2,850 crore in the same quarter of a year ago i.e. Q3Fy24.
Paytm’s market share fell due to RBI’s ban
In early 2024, RBI banned Paytm Payments Bank to add new UPI users on the Paytm app. This was banned from not following the rules. Paytm’s UPI service was powered by Paytm Payments Bank and after the RBI action, the company had to partner with other banks to continue the UPI service.
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Also read this news related to Paytm ….
Paytm got approval to add new UPI users: RBI imposed a ban on company in January this year, 7% rose in stock
Paytm has been approved by NPCI to add new UPI users. Paytm’s original company One 97 Communications Limited gave this information on 22 October. Paytm’s stock rose by about 7% today after approval to add UPI users. It closed at Rs 738. Yesterday it closed 5%. Read full news ….
