Digital payments firm PayPal has announced that it will hire 1,000 engineers for its India Development Centres across Bangalore, Chennai, and Hyderabad over the course of the year. Technology talent will be hired across software, product development, data science, risk analytics and business analytics streams at entry, mid-level, and senior roles, the company said in a statement. The latest development comes nearly a month after the company announced that it would wind down its domestic payments business in India from April 1. The San Jose, California-based digital payments firm had said that it wants shift focus away from our domestic products and work towards enabling more international sales for Indian businesses.
In the statement, PayPal adds that it also plans for campus-recruitment from “top engineering” colleges across India. Speaking more over the development, Guru Bhat, General Manager at PayPal India said, “Our India Technology Centres are the largest for PayPal outside of the US and play a pivotal role in enabling us to constantly innovate and remain ahead of the curve… We are focused on investing in and nurturing world-class technology talent to continue to offer products and services that meet the needs of our growing base of consumers and merchants.”
The company also reiterates that the hiring would enable it to focus on technology innovation across Artificial Intelligence/Machine Learning, Data Science, Risk and Security, Customer Experience, and other key areas. PayPal’s India Technology Centres currently employs over 4,500 people. It is unclear whether the new hirings will change its earlier decision in order to re-focus on its domestic services. PayPal’s payments option has been made available on several Indian online apps such as MakeMy Trip, BookMyShow, and Swiggy. In October last year, PayPal said that it would allow customers to hold Bitcoin and other virtual coins in its online wallet and shop using cryptocurrencies at the 26 million merchants on its network.