Current Affairs - Technology - Discussion

Razorpay partnered with OpenAI to integrate payment capabilities directly into the Codex AI coding platform, enabling developers to embed payment gateways into applications in under five minutes. This innovation simplifies the process of monetisation by removing complex infrastructure requirements. The collaboration also supports AI-driven financial operations through ChatGPT, including tracking settlements and managing refunds. Additionally, Razorpay worked with NPCI to develop agentic payment systems, allowing AI to complete transactions on behalf of users, leveraging India’s robust digital payment ecosystem, handling billions of UPI transactions monthly.