Digital payments firm Paytm has partnered with Alibaba to launch AI-based cloud computing platform Paytm AI Cloud. Alibaba is a multinational conglomerate specializing in e-commerce, retail, Internet, AI and technology based in

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Digital payments firm Paytm has partnered with Alibaba to launch AI-based cloud computing platform ‘Paytm AI Cloud’. Alibaba is a multinational conglomerate specializing in e-commerce, retail, Internet, AI and technology based in

A	Thailand
B	Japan
C	China
D	Singapore

Explanation:

Detailed explanation-1: -You can use the bank transfer method or Paytm online checkout, in which debit card, credit card, UPI and net banking are available, to send the prepayment for purchases of Alibaba Cloud services.

Detailed explanation-2: -Paytm leverages third-party cloud providers such as AWS, Azure, and Google Clouds and has managed to provide a seamless user experience to millions of customers on a daily basis.

Detailed explanation-3: -China’s Alibaba Group has sold 3.3% stake in Paytm parent One97 Communications through the open market on Friday and mopped Rs 1, 378 crore. Alibaba.com Singapore E-Commerce Pvt Ltd sold 2, 14, 31, 822 shares at Rs 642.74 apiece. This was at a steep discount of 9% to Thursday’s close price of the stock.

Detailed explanation-4: -Introducing Paytm Intelligence (Pi), the innovation and development line of business within Paytm Labs in Canada, focused on creating financial products using smart technologies such as artificial intelligence (AI) and machine learning.

There is 1 question to complete.