PayPal opens technology development centre in Hyderabad

PayPal, an online payment solutions provider, has opened a technology centre in Hyderabad, the third for the company after Bengaluru and Chennai.
PayPal money transfer
The technology development facility in Madhapur houses about 100 engineers — focusing on data science, risk management and machine learning. PayPal aims to empower small and medium-sized businesses to identify and protect themselves from fraud.

PayPal has about 3,500 employees in India, including 2,500 engineers and the balance in the customer support, compliance and operations. The expansion follows the acquisition of fraud prevention platform, Simility, last year.

The India technology centre is the largest for PayPal outside the US and work on technologies ranging from artificial intelligence, machine learning to blockchain,” Guru Bhat, Vice-president (Engineering) and General Manager of PayPal India, said.