Noted American digital payments firm PayPal is expanding in India swiftly and is clearly looking at flexing its muscles in the rapidly growing cashless market here. The company this week announced the launch of its global technology centre.
Guru Bhat, Vice-President and Head of Engineering at PayPal India, told a news wire that their new Hyderabad facility would have over 100 engineers across roles in emerging tech. This facility would reportedly focus on using data science, risk management, artificial intelligence and machine learning to build tools for its risk and compliance segment.
Bhat told a noted daily, "We continue to constantly look at India as one of the key drivers for talent globally. We will hire nearly 1,200 people in the country in 2019... The facilities in India have matured over the years and every part of PayPal’s product portfolio has some representation here and in most cases significant representation."
He added, "The India technology centre is the largest for PayPal outside the US and works on technologies ranging from artificial intelligence, machine learning to blockchain."
PayPal India currently houses over 2,500 engineers in the country. Last year they were planning to increase their headcount in India 600 by hiring more experts in areas like artificial intelligence and machine learning, among others.
In 2017, PayPal had announced the launch of its Technology Innovation Labs in India. It was the company’s third after their US and Singapore centres. Based out of PayPal’s tech centres in Bengaluru and Chennai, the Labs primarily focus on productivity, innovation, and education around the trending technologies.
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Prajakta is a Writer/Editor/Social Media diva. Lover of all that is 'quaint', her favourite things include dogs, Starbucks, butter popcorn, Jane Austen novels and neo-noir films. She has previously worked for HuffPost, CNN IBN, The Indian Express and Bose. You can reach her at email@example.com