Paytm Money introduces 'Voice Trading'

Paytm Money has launched AI powered ‘Voice Trading’, allowing users to place a trade or get information about stocks via single voice command. This feature enables a single voice command, with the use of neural networks and Natural Language Processing (NLP) to allow instant processing.

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

“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 further stated.

Voice trading is currently being rolled out in beta mode to select users and will be available to all users over the next few weeks.

Varun Sridhar, CEO of Paytm Money said, “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 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.”