Paytm Clarifies AI Development Plans Amid Media Report of Plans to Sell AI Agents

MT Newswires Live

Yesterday

One 97 Communications (NSE:PAYTM, BOM:543396) highlighted a previous disclosure for artificial intelligence development in response to a media report that said the Indian digital payments operator will sell AI agents to enterprise customers.

The Paytm operator said in a Wednesday filing that its ongoing business initiatives, as disclosed in its fiscal first-quarter earnings report in July, include a "revenue optimization journey of AI."

Bloomberg News, citing unnamed sources, reported that One 97's agentic AI plan is a marked shift from its core service of handling digital payments for consumers and businesses.

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