India, Aug. 18 -- Even as India's digital payments infrastructure handles close to 23 billion UPI transactions and around 590 million credit card payments every month, Indian payments company Razorpay believes artificial intelligence (AI) can be useful to plug persistent gaps. They have developed Razorpay Vulcan, India's first payments foundation model, in partnership with Nvidia and AWS. Early results with platforms including Blinkit, have been promising. "In the early data testing with more than 1.5 million transactions across more than 50,000 merchants, we have seen a massive lift in various perimeters. There has been an 8 to 10% improvement in payment success rates, and a 5x reduction in fraud, which those transactions blocked," Harsh...