Razorpay, a leading digital payments platform, and the National Payments Corporation of India (NPCI) have partnered to introduce a new AI-powered payment solution at the India AI Impact Summit. The innovative platform, called Agentic Payments, is currently being trialed with a select group of users.
The Agentic Payments solution enables users to seamlessly order food, groceries, and daily essentials from popular services like Zomato, Swiggy, and Zepto without leaving the conversation. By integrating payments directly into the conversational experience, the platform can securely execute transactions on behalf of users, streamlining the entire process.
The partnership leverages Razorpay’s Agentic Payments technology, NPCI’s UPI infrastructure, and the conversational intelligence of the Claude platform to create a new model of AI-powered commerce. Through UPI Reserve Pay, users can set spending limits for specific merchants and conduct multiple secure transactions without the need for repeated PIN entries, providing real-time visibility, flexible limits, and instant consent revocation.
With India’s growing digital presence, especially in the food and grocery sectors, the environment is ripe for the responsible expansion of agent-led commerce. This convergence of AI, payments, and consumer trust positions India as a global leader in agentic commerce at a population scale.
Source: Entrackr : Latest Posts