One97 Communications, the parent company of Indian e-commerce payment firm Paytm, has launched AI Cloud computing platform for developers, startups and enterprises.

The platform, called Paytm AI Cloud for India, utilises cloud computing infrastructure from Alibaba.

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Furthermore, it will offer business-centric apps for organisations requiring solutions for cloud computing, automated workflow, easy to integrate payments and other works.

Also, complying with the necessary security and privacy standards, the Paytm AI Cloud will store and process all consumer data locally.

The artificial intelligence-powered cloud aims to facilitate cloud computing and also mobility-driven-innovation.

In a blog post, Paytm vice-president Sujit Kumar Mishra said: “Every new-age organisation needs to be AI-enabled. They need access to infrastructure to quickly sandbox their ideas, run through multiple experiments, and iterate hypothesis. All without worrying about managing their infrastructure.

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“They need growth engines to acquire customers, engage one-to-one with them, and AI empowered systems to predict their business. With these, they need better collaboration and workflow automation tools to become more productive & efficient.

“Paytm AI Cloud packages all these into one; saving organisations time, money & resources, so they are able to better focus on building products that change the world.”

The Paytm AI Cloud will provide in-built CRM, Campaign Management and easy to integrate payment solutions.

Additionally, it focuses on the development of easy-to-access computing services and predictive computation for businesses.

In partnership with DingTalk, the Paytm AI Cloud also expects to offer enterprise-messaging solutions.