💸 How Razorpay is solving the “Payment Nahi Aaya” with AI 🚀

We’ve all experienced this—a customer makes a payment, but it doesn’t go through, or the business doesn’t receive it on time. 😩

For businesses, this means lost revenue. For customers, it’s pure frustration. But Razorpay is solving this problem using AI! 🎯

Here’s how their AI-driven solutions are making payments seamless:

🔹 UPI Switch – 99.995% Uptime 🚦

UPI payments sometimes fail because of bank server downtime. But Razorpay’s UPI Switch ensures that payments always find the best available bank, keeping the success rate at an industry-leading 99.995%!

✅ No more “payment pending” messages.

✅ Faster, more reliable UPI transactions.

🔹 Ray Concierge 🤖 – AI-Powered Onboarding

For businesses, setting up payment systems can be a nightmare—so many forms, documents, and approvals! But Ray Concierge, an AI-powered tool, simplifies the entire onboarding process.

✅ It automatically fills forms using business details.

✅ Reduces onboarding time so businesses can start accepting payments faster.

🔹 Smart RTO Prediction 📦 – Stopping Order Returns Before They Happen!

In e-commerce, 30% of orders get returned (Return-to-Origin or RTO), causing major losses. Razorpay’s AI analyzes buying patterns and predicts which orders are likely to be returned.

✅ Businesses can take action in advance, such as offering prepaid-only options to risky buyers.

✅ Helps reduce RTO losses by 50-70%!

🔹 AI Payment Routing 🛣️ – More Successful Transactions

Ever had a card transaction fail for no reason? Many times, payment failures happen because the payment gateway is down. Razorpay’s Optimizer AI fixes this by:

✅ Analyzing 2 million+ data points to pick the best payment gateway for each transaction.

✅ Saving businesses over ₹7,000 crore annually in failed payments!

With AI, payments are now faster, smarter, and way more reliable. No more “Payment Nahi Aaya” moments! 🎉