PayPal opens tech centre in Hyderabad

Hyderabad: PayPal, an American digital payments company, on Tuesday opened its third global technology centre in Hyderabad.

The centre would house nearly 100 engineers across roles, including risk management and operations, to provide digital payments solutions to customers around the world.

The Hyderabad location would be PayPals third technology centre in India after Chennai and Bengaluru. Currently, PayPal has an employee base of about 3,500 employees in all the three tech centres in India.

Guru Bhat, Vice President, PayPal India, said: "India is a key growth market for PayPal and the opening of our global technology centre in Hyderabad, the heart of innovation and technology in India, marks a significant milestone on our journey."

The expansion of its presence in India follows the acquisition of fraud prevention platform Simility in 2018, the official said.

The Hyderabad centre would focus on leveraging PayPals expertise in data science, risk management and machine learning to empower small and medium-sized businesses to identify and protect themselves from fraud.