PhonePe AI Tool Slashes Payment Gateway Integration From Weeks to Minutes for Merchants

PhonePe has a new AI tool to cut a process from weeks to minutes

PhonePe has launched an AI-driven system to significantly accelerate merchant payment gateway integrations. This new tool, powered by AI coding assistants and PhonePe's 'Integration Intelligence,' reduces integration times from weeks to mere minutes. Businesses can now onboard faster and start accepting payments sooner, with a particular focus on empowering small and medium enterprises. What once took weeks of coding and back-and-forth could now be done in minutes, as PhonePe rolls out a new AI-driven system aimed at speeding up how businesses start accepting payments, the company said in a statement. PhonePe today announced the launch of its AI-powered integration layer for merchants, marking a move to simplify the payment gateway go-live process. Built for AI coding assistants and backed by PhonePe's own 'Integration Intelligence' layer, the system is designed to cut integration timelines for merchants from weeks to minutes. With the new AI agent, merchants can integrate PhonePe's payment gateway in minutes using a conversational interface, the company said. This reduces the time taken for integration and removes the need for deep technical expertise. By automating integration workflows, businesses can go live faster, helping them start accepting payments and generating revenue sooner. "By layering our proprietary Integration Intelligence on top of AI coding assistants, we've created an agent that doesn't just generate code, it understands payments. We're just getting started with our AI journey and there are many more exciting features in the pipeline," Rahul Chari, CTO and Founder at PhonePe said. The company said the tool brings several benefits for merchants. Tasks that earlier took days of reading documents and debugging can now be completed in a single interaction with the AI agent. The system follows PhonePe's payment gateway API specifications and correct payloads, while also enabling proper error handling using built-in best practices. It also improves developer productivity, allowing engineers and businesses to spend less time on integration and more on improving their products and services. The rollout will focus first on small and medium enterprises, which often face limits in developer resources but offer strong growth potential. The company said the solution allows them to onboard quickly without technical bottlenecks.

PhonePe AI Agent Cuts Payment Gateway Integration to Minutes | PYMNTS.com

With this new AI-powered integration layer, merchants can integrate the payment gateway in minutes, with no need for deep technical expertise, PhonePe said in a Wednesday (May 6) press release. PhonePe expects this tool to be especially valuable for small- to medium-sized businesses (SMBs) with limited developer resources, according to the release. "Integration has historically been one of the longest phases for any merchant going live with a PG [payment gateway]," PhonePe Chief Technology Officer and founder Rahul Chari said in the release. "We built the AI Integration Agent specifically to collapse that timeline from weeks to minutes." PhonePe now has more than 50 million registered merchants across India. The company announced April 28 that it surpassed that milestone and that its merchant network now covers more than 98% of India's postal codes. The company attributed the growth of its platform to a multiyear effort to simplify digital entry points for small businesses so they can more easily move away from cash-only operations. It highlighted PhonePe's deployment of QR codes that lower the cost of adopting digital payments, the PhonePe Business app that helps merchants manage their payments and operations, and a sales network that provides local support. "For many of our partners, the journey began with a simple QR code, but that relationship has since matured," Yuvraj Singh Shekhawat, chief business officer, merchant business, at PhonePe, said in the release. "Today, digital payments serve as a gateway to a wider range of formal services, including credit. We remain committed to building the necessary infrastructure to ensure that we can achieve financial inclusion for the smallest of merchants, and they can participate in the nation's digital growth." PhonePe said in March that it paused its plans for an initial public offering (IPO) due to geopolitical conflicts and market upheaval. The company said it aims to restart the IPO process when the market stabilizes. PhonePe hoped to go public at a valuation of $9 billion to $10.5 billion.