Soon, bots will assist you in banking

PUNE: Silicon Valley-based artificial intelligence company Payjo is set to launch banking bots in India in collaboration with Yes Bank and RBL.

The company has signed deals with the two banks and is in talks with other public and private sector banks to launch banking bots or robots by early next year, CEO Srinivas Njay said.

“These will be the top six banks in India by transaction value, and the launch will help greatly to ease the adoption of digital banking and creating more financial literacy in India,” Njay said. The company had earlier this year launched a recharge bot, which it said garnered 30,000 users within three months for services such as recharge and balance reminders.

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