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 allows users to place a trade or get information about stocks via single voice command.

The service has been launched in line with Paytm Money’s efforts to offer next-gen and AI driven tech to elevate user experience, the company said in a statement.

"Paytm Money’s R&D team leveraged its experience in disruptive tech to specifically solve this problem with Voice Trading. The voice trading feature enables a single voice command, with the use of Neural Networks and Natural Language Processing (NLP) to allow instant processing. With the advent of 5G, smart devices and a hyper-connected world, the way we live and transact will change, voice based transactions will slowly become mainstream and this is the first step to embrace the power of Video/Audio," it said.

The feature is currently being rolled out in beta to select users and will be available to all users over the next weeks.

"At Paytm Money, our focus has always been to elevate 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 enables users to skip the usual 5 to 6 step process of trade in a dynamic environment with simple voice commands," Varun Sridhar, CEO of Paytm Money said.

"We believe that this will improve user experience over time and will bring more convenience to tech-savvy investors. We are doing a lot of R&D on newer technologies and this is one of the first products to be launched," he added.