Current Affairs - Finance - Discussion

Razorpay launched Vulcan, India’s first transformer-based AI foundation model specifically designed for payments, on August 18, 2026. The model was developed in collaboration with NVIDIA and Amazon Web Services (AWS) using the Amazon SageMaker platform. Vulcan is designed to improve payment reliability, fraud detection, and transaction routing across India’s digital payments ecosystem. It increased payment success rates by up to 10% and detected eight times more international card fraud. The model was tested and deployed across approximately 3 trillion data points on Razorpay’s payments network, demonstrating the growing role of artificial intelligence in strengthening digital payment security and efficiency.