{"id":4751,"date":"2026-10-08T05:26:05","date_gmt":"2026-10-08T05:26:05","guid":{"rendered":"https:\/\/razorpay.com\/newsroom\/?p=4751"},"modified":"2026-10-08T05:26:12","modified_gmt":"2026-10-08T05:26:12","slug":"at-global-fintech-fest-razorpay-presents-ai-payments-model-vulcan-to-pm-narendra-modi","status":"publish","type":"post","link":"https:\/\/razorpay.com\/newsroom\/at-global-fintech-fest-razorpay-presents-ai-payments-model-vulcan-to-pm-narendra-modi\/","title":{"rendered":"At Global Fintech Fest, Razorpay Presents AI Payments Model, Vulcan to PM Narendra Modi"},"content":{"rendered":"<p><b>INDIA, Mumbai, September 10, 2026: <\/b><a href=\"https:\/\/x.com\/narendramodi\/status\/2097373384577515717?s=46&amp;t=z3Gl4H0P-0tu0p7yvK1HbQ\" target=\"_blank\"><span style=\"font-weight: 400;\">Prime Minister <\/span><b>Shri Narendra Modi took to social media to share a glimpse of his visit to the Razorpay booth <\/b><span style=\"font-weight: 400;\">at the Global Fintech Fest (GFF) 2026 in Mumbai<\/span><\/a><span style=\"font-weight: 400;\">, where <\/span><b>six Indian AI &amp; Fintech companies<\/b><span style=\"font-weight: 400;\"> showcased innovative products and solutions that are transforming India\u2019s fintech landscape.<\/span> <span style=\"font-weight: 400;\">The Fintech company, Razorpay presented<\/span> <a href=\"https:\/\/razorpay.com\/foundation-model\/\"><b>Vulcan<\/b><\/a><b>, India\u2019s First AI Payments Foundation Model.\u00a0<\/b><\/p>\n<p><b>Razorpay CEO, Harshil Mathur <\/b><a href=\"https:\/\/www.linkedin.com\/posts\/harshilmathur_a-special-moment-for-all-of-us-at-razorpay-ugcPost-7503079643328155648-B5em\/?utm_source=share&amp;utm_medium=member_desktop&amp;rcm=ACoAAA5zXy8Bw_NcHOrgi8REmobA9qcNg9lqVtI\" target=\"_blank\" rel=\"noopener\"><b>responded to the Prime Minister\u2019s post<\/b><\/a><b>,<\/b><span style=\"font-weight: 400;\"> acknowledging the moment as a proud one for the company and for India\u2019s fintech journey in AI.<\/span><\/p>\n<p><b>Vulcan is a single AI payments system inside Razorpay software that doesn&#8217;t just process payments but understands them &#8211; trained on nearly 3 trillion data points across 4 bn payments, with an aim to make every digital payment in India faster, safer, and smarter. <\/b><span style=\"font-weight: 400;\">In real time, through the use of AI, it helps businesses boost an online transaction\u2019s success rate, catches fraud in an online transaction before it happens, and gives an easy online payment checkout experience to customers.<\/span><\/p>\n<p><b>For Raz<\/b><b>orpay, the moment was especially significant. <\/b><span style=\"font-weight: 400;\">A decade ago, the company set out to make digital payments simple for Indian businesses. Today, that mission has matured into building the deep technology powering one of the world\u2019s rapidly growing payments ecosystem.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As India&#8217;s digital commerce economy heads towards a projected <\/span><b>$350 billion by 2030<\/b><span style=\"font-weight: 400;\">, the payments ecosystem will need to become even more intelligent, resilient, and seamless. Razorpay Vulcan is developed for this next chapter of India&#8217;s digital growth. Businesses like <\/span><b>Blinkit, Bachatt and redBus<\/b><span style=\"font-weight: 400;\"> are seeing an <\/span><b>8\u201310% improvement in payment success rates and 8x more international card fraud detected and stopped.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">From using AI to make payments more reliable and secure to helping businesses better understand and manage their financial operations, Razorpay is building the intelligent infrastructure that will power the next era of Indian commerce &#8211; simpler, safer, and smarter.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>INDIA, Mumbai, September 10, 2026: Prime Minister Shri Narendra Modi took to social media to share a glimpse of his visit to the Razorpay booth at the Global Fintech Fest (GFF) 2026 in Mumbai, where six Indian AI &amp; Fintech companies showcased innovative products and solutions that are transforming India\u2019s fintech landscape. The Fintech company,<\/p>\n","protected":false},"author":14,"featured_media":4752,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[30,28],"tags":[33,248,249,242],"class_list":["post-4751","post","type-post","status-publish","format-standard","has-post-thumbnail","category-featured-stories","category-technology","tag-razorpay","tag-razorpay-gff-2026","tag-razorpay-pm-modi","tag-razorpay-vulcan"],"modified_by":"Anu Saraswat","_links":{"self":[{"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/posts\/4751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/comments?post=4751"}],"version-history":[{"count":1,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/posts\/4751\/revisions"}],"predecessor-version":[{"id":4753,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/posts\/4751\/revisions\/4753"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/media\/4752"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/media?parent=4751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/categories?post=4751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/tags?post=4751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}