PaymentsRazorpay trained a payments model. The interesting part is who it already sits inside.Vulcan is being sold as India's first foundation model for payments. The real story is routing, fraud, and an 8–10% lift in success rates at merchants that cannot afford a failed UPI ping.Kabir Menon · 19 Aug · 8 min read
Opinion · PaymentsThe next UPI war is credit. It will not look like credit.The ping will feel the same. The balance sheet will not. Every app with a QR is auditioning to be a lender.Kabir Menon · 8 Aug · 6 min read
