Payjo, an artificial intelligence company based in Silicon Valley, will be launching banking bots in Indian in collaboration with YES Bank and RBL Bank. The company has signed agreements with the two banks and is in talks with other public and private sector banks to launch these robots by early next year. According to the company’s CEO Srinivas Njay the robots will help greatly to ease the adoption of digital banking and creating more financial literacy in India. The company had earlier launched a recharge bot, which it said garnered 30,000 users within 3 months for services such as recharge and balance reminders. The bot, which can be accessed in multiple languages, will be available over social messaging platforms. The bot will operate as an intelligent financial assistant for an individual. For instance, if it sees that the person travels a lot for work, it may recommend specific travel cards the person could use.
