Razorpay launches Vulcan, an AI-powered payments foundation model

Razorpay Vulcan AI payments model fintech digital transactions fraud detection

Fintech company Razorpay has launched Vulcan, described as India’s first transformer-based AI foundation model built specifically for the payments sector. Developed in collaboration with NVIDIA and Amazon Web Services (AWS), the proprietary model is designed to optimize transaction routing, reduce payment failures, and enhance security within India’s digital economy.

According to Razorpay, the model was trained on approximately 3 trillion data points across 4 billion payments, learning from roughly 3,000 signals per transaction. The company reported that early deployment of Vulcan’s components has already yielded measurable results, including an 8-10% improvement in payment success rates and an eightfold increase in the detection and prevention of international card fraud.

Additionally, the technology has identified five times more fraudulent or disputed transactions without increasing the volume of alerts. On its Magic Checkout platform, the model enabled 40% more shoppers to access their preferred UPI applications, contributing to an additional 100,000 to 200,000 purchases per month.

Entities

Amazon Web Services · Harshil Mathur · India · Nvidia · Razorpay

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] The model was developed using technology from NVIDIA and Amazon Web Services (AWS). morungexpress.com · www.socialnews.xyz · inc42.com
[● 3 SOURCES] The technology has improved payment success rates by up to 10 per cent. morungexpress.com · www.socialnews.xyz · inc42.com
[○ 1 SOURCE] Vulcan is trained on approximately 3 trillion data points across 4 billion payments. inc42.com
[● 3 SOURCES] The model detects and prevents eight times more international card fraud. morungexpress.com · www.socialnews.xyz · inc42.com
[● 3 SOURCES] Razorpay has launched Vulcan, a transformer-based AI foundation model specifically for payments. morungexpress.com · www.socialnews.xyz · inc42.com
[● 3 SOURCES] The model identified five times more fraudulent or disputed transactions without increasing the number of alerts. morungexpress.com · www.socialnews.xyz · inc42.com
[● 3 SOURCES] The Magic Checkout platform facilitated an additional 100,000 to 200,000 purchases every month. morungexpress.com · www.socialnews.xyz · inc42.com

Sources

Razorpay Launches Vulcan to Improve Digital Payments [www.equitypandit.com]

5 days ago

Razorpay Unveils Vulcan to Improve Digital Payment Success [smestreet.in]

5 days ago

India's first AI-powered payments foundation model launched by Razorpay to boost digital growth [morungexpress.com]

6 days ago

India's first AI-powered payments foundation model launched by Razorpay to boost digital growth [www.socialnews.xyz]

6 days ago

Razorpay Launches India’s First AI-Powered Payments Foundation Model to Boost Digital Growth [yespunjab.com]

5 days ago

Razorpay Launches AI Foundation Model Vulcan To Expedite Digital Payments [inc42.com]

6 days ago