Razorpay Launches India’s First AI-Integrated Model Context Protocol (MCP) Server

Context:

Razorpay has launched India’s first Model Context Protocol (MCP) server for payment gateways, enabling AI tools like chatbots to execute payment operations autonomously, bypassing traditional APIs or dashboards.

Key Highlights

• MCP Capabilities:
  • AI assistants can now:
    • Create payment links
    • Initiate refunds
    • Manage transactions via simple text commands
  • Example: “Send ₹500 to Neha on WhatsApp”
• Real-time Automation: Enhances speed, accuracy, and efficiency of business payments
• Seamless Integration: AI systems can directly plug into Razorpay’s backend for end-to-end payment management

UPI Infrastructure Partnership

• Partner: Airtel Payments Bank
• Service: Razorpay’s UPI Switch
• Performance:
  • 10,000 transactions/sec capacity
  • <100 ms latency
  • 24-hour issue resolution (7x faster than industry average)
  • 4–5% improvement in transaction success rate

This innovation marks a leap in AI-led financial automation in India, strengthening Razorpay’s backend capabilities and expanding its presence in UPI infrastructure services.