Friday, July 19

PayPal opens Third Tech Centre in India

Hyderabad, 24 July 2019: Digital payments platform PayPal opened its third global technology centre in Hyderabad. The two other centres are in Chennai and Bengaluru.

“The Hyderabad facility would house around 100 engineers across roles, including risk management and operations, to provide cutting-edge digital payments solutions to customers around the world,” said Guru Bhat, Vice-President and Head of Engineering, PayPal India, said to Pixr8 News.

The expansion follows the acquisition of fraud prevention platform Simility in 2018. The new centre will focus on leveraging PayPal’s extensive expertise in data science, risk management and machine learning to empower small and medium-sized businesses to identify and protect themselves from fraud.

The Nasdaq-listed firm said the Hyderabad centre would play a critical role in advancing the digitisation goals of the Indian government and the Reserve Bank of India by enabling new-age businesses to adopt digital payments in a safe and secure manner.

Bhat said PayPal was working with its partners on data localisation as mandated by the RBI.