Paytm Money launches AI powered 'Voice Trading'; allows users to buy, sell securities on command

Paytm Money, a wholly-owned subsidiary of Paytm, launched Voice Trading that lets users to set a trade or get information regarding stocks via single voice command.

The assistance has been introduced in line with Paytm Money’s attempts to extend next-gen and AI driven tech to improve user experience, the company told in a statement.

“Paytm Money’s R&D team leveraged its knowledge in disruptive tech to explicitly solve this issue with Voice Trading. The voice trading feature enables a single voice command, with the use of Neural Networks and Natural Language Processing (NLP) to permit immediate processing. With the introduction of 5G, smart devices and a hyper-connected world, the way we live and transact will change, voice based transactions will gradually become conventional and this is the first step to adopt the power of Video/Audio,” it added.

The feature is presently being rolled out in beta version to selected users and will be accessible to all users over the next weeks.

Mr. Varun Sridhar, CEO of Paytm Money stated that “At Paytm Money, our aim has always been to improve user experience and be the first to leverage technology to make investing faster, cheaper and easier. With a mobile-first and interconnected world of devices and the much awaited launch of 5G, the Voice Trading feature empowers users to skip the usual 5 to 6 step process of trade in a dynamic environment with easy voice commands.”

“We think that this will enhance user experience over time and will bring more accessibility to tech-savvy investors. We are doing a lot of R&D on latest technologies and this is one of the first products to be launched,” he added.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.