PayPal India likely to increase headcount to 600 techies

The Company seeks to leverage the talent that exists in India, which remains a key strategic centre for the firm. 

PayPal, the digital payments major considers India a key growth market and plans to hire as many as 600 techies by December, 2018 in various domains, including Artificial Intelligence (AI) and Machine Learning (ML).

An official who spoke to the media has informed about the development and the Company’s plan to increase the strength of its workforce by 600 this year. The hiring is intended for various roles including application developers—Java, Node JS; back-end developers—data engineers, data experts and product managers.

The Company has established two tech centres in Chennai and Bengaluru and presently employs 1,700, which is double the figure of 2016.

India remains a key strategic centre for PayPal, as it intends to leverage the talent that exists here. It aims to recruit freshers as well as lateral hires to work in the areas of AI and ML.

With the Government pushing for digitisation, times are certainly exciting for companies in the digital payments space looking to add value to the customer and increase their offerings. PayPal has been growing rapidly—over 20 per cent year-on-year in terms of revenue.

Having been around for almost 12 years now, PayPal is now available in more than 200 markets around the world. The Company launched innovation labs last year to upskill employees and promote innovation within the organisation. These facilities exist within the tech centres.

As per the company website, the PayPal platform—including Braintree, Venmo and Xoom— enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies.