New Delhi, March 12 -- IPO-bound digital payments company Razorpay is betting on artificial intelligence (AI) to fuel its next phase of growth.

The Bengaluru-based fintech startup plans to use agentic AI in commerce, which allows systems to act autonomously for businesses or customers, to help small and medium enterprises (SMEs) process transactions faster and more smoothly.

"We're leaning hard into AI. It's creating the largest change at the moment," Harshil Mathur, chief executive and co-founder at Razorpay, told Mint on the sidelines of the fintech firm's annual FTX summit. "What we're trying to figure out is to how to bring the power of AI to the small and medium enterprises that we power in the country."

Agentic commerce is becomi...