Paisalo Digital to provide technology services, AI support to Chakrawiu

Paisalo Digital has entered into a Memorandum of Understanding (MoU) with Chakrawiu Gannlalen Company (Chakrawiu). Under the MoU, the company will provide technology services and AI support to Chakrawiu in connection with its digital services business. The scope includes software and digital platform development, data processing, technology consulting, system integration, process automation, technology infrastructure management, technical support, training and related technology services. 

As part of the engagement, the company will also share its AI-related learnings and expertise with Chakrawiu to support the development and implementation of relevant technology solutions. The engagement is expected to generate other income of around Rs 4 crore to Rs 5 crore per annum for the company, based on the current scope of services.

Paisalo Digital is a Middle Layer, as per RBI scale-based Regulation, Systemically Important Non-Deposit Taking Non-Banking Financial Company engaged in providing loans.